<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/06/image-2-8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/06/image-2-8.png"/></p>
<p>DAX 指数在过去几个月中回落，因为全球股票的近期动能减弱。它跌至€23,180，创下自 6 月 22 日以来的最低水平，并在 6 月 23 日以来的最低水平徘徊。本文探讨了一些拖累该指数的顶级公司。</p>
<h2>阿迪达斯是 DAX 指数中的最大拖累者</h2>
<p>阿迪达斯，耐克最大的竞争对手，已成为 DAX 指数中的最大拖累者。它自 2 月份的最高点下跌超过 40%，目前徘徊在自 10 月 2 日以来的最低水平。</p>
<p>尽管阿迪达斯最近发布了令人鼓舞的业绩，但其股价在过去 30 天内下跌了 20%。其第三季度营业利润增长了 23%，达到€736 百万，而净收入飙升至€485 百万。</p>
<p>阿迪达斯的股票下跌是因为行业内其他公司，如耐克、Under Armour 和 Lululemon，均出现回撤。同样，像 On Holding 这样的新品牌在过去几天也出现了回撤。</p>
<h2>Zalando 的股价今年大幅下跌</h2>
<p>DAX 指数中的另一个主要拖累者是 Zalando，这是一个顶级在线时尚和生活方式平台。它的市值超过€59.5 亿，远低于其历史最高点。</p>
<p>Zalando 的股价下跌是由于欧洲零售行业面临的持续挑战。其最新业绩显示，GMV 增长了 6.5%，达到€34.9 亿，而收入增长了 7.9%，达到€24 亿。</p>
<p>结果还显示，活跃客户数量从去年同期的 4950 万增加到 5240 万。最重要的是，该公司重申了前瞻性指引，预计收入将增长 4% 至 9%。</p>
<p>阅读更多：百度股价处于熊市：财报后会反弹吗？</p>
<h2>Scout24 的崩盘势头增强</h2>
<p>DAX 指数中的另一个主要拖累者是 Scout24，这是一家运营 ImmoScout24 的公司。Scout24 的股价已跌至€86.65，较今年最高点下跌近 30%。</p>
<p>尽管发布了强劲的财务业绩，Scout24 的股价仍然下跌。其第三季度收入增长了 15%，达到€1.65 亿，而净收入跃升至€1.015 亿。管理层还将指引范围收窄至上限，尽管警告全球不确定性。</p>
<p>在过去 30 天中，DAX 指数中的其他主要拖累者包括 Fresenius Medical Care、Siemens Healthineers、Symrise、SAP 和 Deutsche Telekom。</p>
<p>另一方面，指数中的主要涨幅公司包括 Deutsche Post、RWE、Heidelberg Materials、Mercedes-Benz、BMW、Porsche 和 Commerzbank。</p>
<h2>DAX 指数技术分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/DAX-Index-1-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/DAX-Index-1-1024x579.png"/></p>
<p>DAX 指数图表 | 来源：TradingView</p>
<p>日线图显示，德国 DAX 指数在过去几个月中回落。它从 10 月份的年内最高点€24,778 下跌至当前的€23,200。</p>
<p>该指数已跌破重要支撑位€23,328，这是 9 月份的最低水平。该价格也位于双顶形态的颈线位置。</p>
<p>该指数还跌破了 23.6% 的斐波那契回撤位€23,230。它还跌破了 100 日指数移动平均线（EMA），这表明空头占据主导地位。</p>
<p>因此，最可能的情景是继续下跌，下一个关注点是 50% 的回撤位€21,600。若突破 100 日移动平均线€23,840，将会否定看空前景。</p>
<p>阅读更多：以下是 FTSE 100 指数本周崩盘的原因</p>
<p>本文的标题为 DAX 指数预测：失去关键支撑和主要拖累者揭示，首次出现在 Invezz 上。</p>

DHLGY

德国邮政

阿迪达斯

<p>DAX 指数已降至自 6 月以来的最低水平，跌至 23,180 欧元。阿迪达斯、Zalando 和 Scout24 是主要的滞后者，阿迪达斯的股价自 2 月以来下跌了 40%。尽管财务业绩强劲，这些公司的股票仍出现了显著下跌。该指数已跌破关键支撑位，显示出看跌趋势，可能进一步下跌至 21,600 欧元。主要涨幅股包括德国邮政和宝马</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/06/image-2-8.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/06/image-2-8.png"/></p>
<p>The DAX Index has pulled back in the past few months as the recent momentum in global stocks pulled back. It dropped to a low of €23,180, its lowest level since June 22, and is hovering at its lowest level since June 23rd. This article explores some of the top companies dragging the index.</p>
<div class="lb-trans"><p>DAX 指数在过去几个月中回落，因为全球股票的近期动能减弱。它跌至€23,180，创下自 6 月 22 日以来的最低水平，并在 6 月 23 日以来的最低水平徘徊。本文探讨了一些拖累该指数的顶级公司。</p>
</div><h2>Adidas is the top laggard in the DAX Index</h2>
<div class="lb-trans"><h2>阿迪达斯是 DAX 指数中的最大拖累者</h2>
</div><p>Adidas, the biggest rival to Nike, has become the top laggard in the DAX Index. It has plunged by over 40% from its highest point in February and is now hovering at its lowest level since October 2nd.</p>
<div class="lb-trans"><p>阿迪达斯，耐克最大的竞争对手，已成为 DAX 指数中的最大拖累者。它自 2 月份的最高点下跌超过 40%，目前徘徊在自 10 月 2 日以来的最低水平。</p>
</div><p>Adidas shares have dropped by 20% in the last 30 days, even as it published encouraging results recently. It operating profit rose by 23% in the third quarter to €736 million, while the net income soared by €485 million.</p>
<div class="lb-trans"><p>尽管阿迪达斯最近发布了令人鼓舞的业绩，但其股价在过去 30 天内下跌了 20%。其第三季度营业利润增长了 23%，达到€736 百万，而净收入飙升至€485 百万。</p>
</div><p>Adidas stock has plunged as other companies in the industry, like Nike, Under Armour, and Lululemon, have all retreated. Similarly, newer brands like On Holding have also retreated in the past few days.</p>
<div class="lb-trans"><p>阿迪达斯的股票下跌是因为行业内其他公司，如耐克、Under Armour 和 Lululemon，均出现回撤。同样，像 On Holding 这样的新品牌在过去几天也出现了回撤。</p>
</div><h2>Zalando shares have plunged this year</h2>
<div class="lb-trans"><h2>Zalando 的股价今年大幅下跌</h2>
</div><p>The other top laggard in the DAX Index is Zalando, one of the top online fashion and lifestyle platforms. It has a market cap of over €5.95 billion, much lower than its all-time high.</p>
<div class="lb-trans"><p>DAX 指数中的另一个主要拖累者是 Zalando，这是一个顶级在线时尚和生活方式平台。它的市值超过€59.5 亿，远低于其历史最高点。</p>
</div><p>Zalando share price has dropped because of the ongoing challenges in European retail sector. Its most recent results showed that its GMV jumped by 6.5% to €3.49 billion, while its revenue jumped by 7.9% to €2.4 billion.</p>
<div class="lb-trans"><p>Zalando 的股价下跌是由于欧洲零售行业面临的持续挑战。其最新业绩显示，GMV 增长了 6.5%，达到€34.9 亿，而收入增长了 7.9%，达到€24 亿。</p>
</div><p>The results also showed that the number of active customers rose to 52.4 million from the 49.5 million it had in the same period last year. Most importantly, the company reaffirmed its forward guidance and expects its revenue to rise between 4% and 9%.</p>
<div class="lb-trans"><p>结果还显示，活跃客户数量从去年同期的 4950 万增加到 5240 万。最重要的是，该公司重申了前瞻性指引，预计收入将增长 4% 至 9%。</p>
</div><p>READ MORE: Baidu stock price is in a bear market: will it rebound after earnings?</p>
<div class="lb-trans"><p>阅读更多：百度股价处于熊市：财报后会反弹吗？</p>
</div><h2>Scout24 crash gains steam</h2>
<div class="lb-trans"><h2>Scout24 的崩盘势头增强</h2>
</div><p>The other top laggard in the DAX Index is Scout24, a company that runs ImmoScout24. Scout24 stock has plunged to a low of €86.65, down by nearly 30% from its highest point this year.</p>
<div class="lb-trans"><p>DAX 指数中的另一个主要拖累者是 Scout24，这是一家运营 ImmoScout24 的公司。Scout24 的股价已跌至€86.65，较今年最高点下跌近 30%。</p>
</div><p>Scout24 stock has dropped despite publishing strong financial results. Its third-quarter revenue rose by 15% to €165 million, while its net income jumped to €101.5 million. The management also narrowed the guidance to the upper side of the range, even as it warned on global uncertainties.</p>
<div class="lb-trans"><p>尽管发布了强劲的财务业绩，Scout24 的股价仍然下跌。其第三季度收入增长了 15%，达到€1.65 亿，而净收入跃升至€1.015 亿。管理层还将指引范围收窄至上限，尽管警告全球不确定性。</p>
</div><p>Other top laggards in the DAX Index in the past 30 days were companies like Fresenius Medical Care, Siemens Healthineers, Symrise, SAP, and Deutsche Telekom.</p>
<div class="lb-trans"><p>在过去 30 天中，DAX 指数中的其他主要拖累者包括 Fresenius Medical Care、Siemens Healthineers、Symrise、SAP 和 Deutsche Telekom。</p>
</div><p>On the other hand, the top gainers in the index are firms like Deutsche Post, RWE, Heidelberg Materials, Mercedes-Benz, BMW, Porsche, and Commerzbank.</p>
<div class="lb-trans"><p>另一方面，指数中的主要涨幅公司包括 Deutsche Post、RWE、Heidelberg Materials、Mercedes-Benz、BMW、Porsche 和 Commerzbank。</p>
</div><h2>DAX Index technical analysis</h2>
<div class="lb-trans"><h2>DAX 指数技术分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/DAX-Index-1-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/DAX-Index-1-1024x579.png"/></p>
<p>DAX Index chart | Source: TradingView</p>
<div class="lb-trans"><p>DAX 指数图表 | 来源：TradingView</p>
</div><p>The daily timeframe chart shows that the German DAX Index has pulled back in the past few months. It has dropped from the year-to-date high of €24,778 in October to the current €23,200.</p>
<div class="lb-trans"><p>日线图显示，德国 DAX 指数在过去几个月中回落。它从 10 月份的年内最高点€24,778 下跌至当前的€23,200。</p>
</div><p>The index has moved below the important support level at €23,328, its lowest level in September. This price was also along the neckline of the double-top pattern.</p>
<div class="lb-trans"><p>该指数已跌破重要支撑位€23,328，这是 9 月份的最低水平。该价格也位于双顶形态的颈线位置。</p>
</div><p>The index has also moved below the 23.6% Fibonacci Retracement level at €23,230. It also dropped below the 100-day Exponential Moving Average (EMA), a sign that bears are in control.</p>
<div class="lb-trans"><p>该指数还跌破了 23.6% 的斐波那契回撤位€23,230。它还跌破了 100 日指数移动平均线（EMA），这表明空头占据主导地位。</p>
</div><p>Therefore, the most likely scenario is where it continues falling, with the next point to watch being the 50% retracement level at €21,600. A move above the 100-day moving average at €23,840 will invalidate the bearish outlook.</p>
<div class="lb-trans"><p>因此，最可能的情景是继续下跌，下一个关注点是 50% 的回撤位€21,600。若突破 100 日移动平均线€23,840，将会否定看空前景。</p>
</div><p>READ MORE: Here’s why the FTSE 100 Index is crashing this week</p>
<div class="lb-trans"><p>阅读更多：以下是 FTSE 100 指数本周崩盘的原因</p>
</div><p>The post DAX Index forecast as it loses key support and top laggards revealed appeared first on Invezz</p>
<div class="lb-trans"><p>本文的标题为 DAX 指数预测：失去关键支撑和主要拖累者揭示，首次出现在 Invezz 上。</p>
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DAX 指数预测：失去关键支撑位，主要落后者揭晓