After the Bell | Mixed technical outlook for the DAX as prevailing uptrend begins to slow

• The CCI indicator stands above +100
• Bollinger analysis indicates upper Band® is at 16,083

Stable at 15,917 and still trending upwards, Today's session put the brakes on the ongoing uptrend — the DAX moves 0.02% to close at 15,917 today.

The index has been trending positively for about 2 months. The DAX hit a significant low of 15.42 around 7 months ago, but has since recovered 103,100%.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that the DAX's upper Bollinger Band® is at 16,083, suggesting that a downward move may follow.

Overall, while the DAX has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Fundamental indicators – data from Euro Zone concerning Industrial Production was released today at 09:00 UTC. Newly published figures emphasized continued decline from last month's figure of 1.5% to -4.1% this month.

While the DAX was pretty flat today, mixed performances were seen elsewhere as Hang Seng moves up 1.75% today and closed at 19,627. Nikkei is trading around 29,626 after ending today's session at 29,400 (up 0.81% today). FTSE went up by 0.3% today, and closed at 7,777.7.

Upcoming fundamentals: Euro Zone ECB President Lagarde speech will be released tomorrow at 14:00 UTC.