DAX40: Daily Read | 2026-10-21

DAX 40 (DAX) is trading near 25,304, 0.1% lower on the day and sitting mid-range over the past month. The one-month average sits near 25,310, and price is below it, so that line is the pivot the two-way traffic keeps returning to. Momentum has gone quiet over the last two weeks, roughly 0.3% up, leaving the structure as a downtrend, price under both its one-month and longer averages. The levels that matter are 25,801 overhead, the past month’s swing high, about 2.0% above here, with 24,793 below as the shelf that has held, roughly 2.0% down; the 25,500 and 25,000 round numbers are the nearer handles. Zoom out and the last three months have ranged between 24,081 and 26,619, which frames the bigger picture. For now the tilt is bearish: a close above 25,801 would open room toward 26,619, while losing 24,793 would put 24,081 back in view.

Key levels: support 24,793 (2.0% below), resistance 25,801 (2.0% above), one-month average 25,310, three-month range 24,081 to 26,619.