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DAX 40

Bullish

Archived analysis from Aug 6, 2026, 5:21 AM

The DAX is trading at record territory above 26,000 on the back of strong Q2 earnings beats and a potential US-Iran Strait of Hormuz deal that could deflate the geopolitical risk premium embedded in energy costs for German industry.

DAX has broken out to successive all-time highs above the prior resistance at 25,923, with today's price of 26,199 recovering from Wednesday's profit-taking dip, supported by a robust Q2 earnings season and positive German macro data.

Main Risk

Infineon-led tech earnings disappointment & profit-taking at all-time highs

Infineon plunged 5.5% after missing margin expectations — a warning that lofty valuations leave no room for error in the semiconductor/industrial cycle, with the 26,300 intraday ATH now acting as a fresh resistance ceiling.

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