DER AKTIONÄR TV|18. Mai
DAX-Check LIVE: Commerzbank, Lufthansa, SAP, Sartorius Vz., Siemens Energy, Thyssenkrupp im Fokus
DAX Under Pressure: Oil Prices and Interest Rates Weigh
On Monday, May 18, the DAX opened sharply lower, losing 118 points and falling below the 24,000 mark. The 200-day moving average is breached again. The main drivers are rising oil prices (above $110) due to tensions in the Middle East. Yields are climbing: the German 10-year bund reaches 3.18%, the US 10-year at 4.62%, putting pressure on equities.
Technical Analysis
- Resistance: 24,500 points (closing basis)
- Support: 23,100 points (strong), possible gap at 23,400
- Trend: Short-term bearish; recovery only above 24,500
- Commerzbank: Downgraded by Kepler Cheuvreux. Higher rates benefit banks but recession risks (loan defaults) are concerning. Stock at €36.26, next support at €34.
- Lufthansa: Up on Ryanair's earnings, but rising oil prices and poor chart (200-day line broken) weigh. Possible drop to €7 support.
- SAP: Reaffirmed AI strategy at Sapphire conference. Jefferies rates as buy (target €230). Stock slightly recovering but overall market weak.
- Sartorius: Rumors of Elliot investing in Biorad support the stock. Support at €203–204, resistance at €240.
- Siemens Energy: Profit-taking after approaching €200. Next support at €160 (50-day line). Long-term attractive due to AI data centers; a dip to €150 could be a buying opportunity.
- ThyssenKrupp: Restructuring plans: closing a US plant, moving to Hamilton. Stock trades between €10 and €11, key support at €10.
Sentiment is cautious. A recovery depends on positive news from the Middle East and falling oil prices. Until then, caution is advised.
