The DAX® ironed out yesterday’s losses at the start of trading. There was nothing more possible in the first hour of trading. No significant purchasing impulses came from the USA and Asia. Rather, investors are waiting for the US Federal Reserve’s interest rate decision this evening. The experts at UniCredit expect the Fed to take a break from interest rates. Among the individual stocks, the shares of Commerzbank, Delivery Hero, Encavis and Nordex stood out in early trading.
The DAX® ironed out yesterday’s losses at the start of trading. There was nothing more possible in the first hour of trading. No significant purchasing impulses came from the USA and Asia. Rather, investors are waiting for the US Federal Reserve’s interest rate decision this evening. The experts at UniCredit expect the Fed to take a break from interest rates.
Among the individual stocks, stocks fell in early trading Commerzbank, Delivery Hero, Encavis and Nordex on. According to CFO Bettina Orlopp, the financial institution is benefiting from the increased interest rates. Delivery Hero showed a strong rebound in early trading and reached the resistance level at EUR 31.60. A breakout above the level could trigger further buy signals. The solar and wind farm operator is taking over a 17-megawatt wind farm and the wind turbine manufacturer Nordex has received a new major order.
Resistance levels: 15,743/15,816/15,868/15,957/16,043/16,117/16,337 points
Support levels: 15,461/15,560/15,609/15,628 points
The DAX® opened with an upward gap and subsequently climbed up to the resistance mark of 15,743 points. A breakout above the level has not yet been achieved. If the leading index breaks the mark, further upward potential opens up to 15,816 and further up to 15,987 points. RSI and MACD are positive. Nevertheless, investors should keep an eye on the support zone between 15,609 and 15,628 points. If the index falls below this zone, there is a risk of the consolidation continuing to 15,560 points.
DAX® in points; Hourly chart (1 candle = 1 hour)
Period under consideration: August 18, 2023 – September 20, 2023. Historical observations do not represent reliable indicators of future developments. Source:tradingdesk.onemarkets.de
DAX® in points; Weekly chart (1 candle = 1 week)
Period under consideration: September 21, 2018 – September 20, 2023. Historical observations do not represent reliable indicators of future developments.Source: tradingdesk.onemarkets.de
Structured products like Bonus cap certificates could be an interesting alternative to direct entry. These securities are equipped with a barrier and a bonus level/cap. If the index is always above the barrier up to the final valuation day, the investor receives the cap – adjusted by the subscription ratio – paid out at the end of the term. Otherwise, however, there is a risk of loss. Factor warrants offer risk-taking investors the opportunity to participate leveraged by an upward or downward movement of the leading index. However, there is a risk of high losses if the stock moves in the opposite direction.
Bonus cap certificates on the DAX®
| Underlying value | WKN | Selling price in euros | Barrier in points | Bonus level/cap in points. | Final assessment day |
| DAX® | HC74V7 | 247.01 | 12,600 | 26,000 | March 15, 2024 |
| DAX® | HC714R | 240.41 | 14,500 | 31,000 | June 21, 2024 |
Source: HypoVereinsbank onemarkets; As of September 20, 2023; 9:40 a.m
Factor warrants long DAX® for speculation on an increase in the price of the index
| Underlying value | WKN | Selling price in EUR | Base price in EUR | Reset barrier in EUR | lever | Last day of assessment |
|---|---|---|---|---|---|---|
| DAX® | HB8X6U | 12.18 | 12,534.120187 | 14,100.88521 | 5 | Open ending |
| DAX® | HC01QX | 10.27 | 14,100.724273 | 14,884.724543 | 10 | Open ending |
| DAX® | HC0558 | 8.28 | 14,622.925636 | 15,144.964081 | 15 | Open ending |
| DAX® | HC8E7T | 3.01 | 15,040.686726 | 15,353.53301 | 25 | Open ending |
Source: HypoVereinsbank onemarkets; As of September 20, 2023; 9:40 a.m
Factor warrants short DAX® for speculation on a loss in the index price
| Underlying value | WKN | Selling price in EUR | Base price in EUR | Reset barrier in EUR | lever | Last day of assessment |
|---|---|---|---|---|---|---|
| DAX® | HC292F | 4.99 | 18,797.961551 | 17,232.091354 | -5 | Open ending |
| DAX® | HC8E76 | 10.96 | 17,231.357464 | 16,447.330699 | -10 | Open ending |
| DAX® | HC6WGY | 8.77 | 16,709,156102 | 16,186,159516 | -15 | Open ending |
| DAX® | HC8E7N | 9.85 | 16,291.395012 | 15,978.600228 | -25 | Open ending |
Source: HypoVereinsbank onemarkets; As of: September 20, 2023; 9:40 a.m
You can find information about how bonus cap certificates and factor warrants as well as numerous other products work here at onemarkets knowledge.
Please note the important information and disclaimer.
This information does not constitute investment advice, but rather an advertisement. The public offer is made exclusively on the basis of a securities prospectus that has been approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus should not be understood as a recommendation to purchase these securities from UniCredit Bank AG. The only decisive factors are these Prospectus including any supplements and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and rewards when deciding to invest. You are about to purchase a product that is not simple and may be difficult to understand.
The contribution DAX – the first bulls are positioning themselves before the Fed decision. appeared first onemarkets Blog (HypoVereinsbank – UniCredit Bank AG).