<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 指數在過去幾個月中回落，因為全球股票的近期動能減弱。它跌至€23,180，創下自 6 月 22 日以來的最低水平，並在 6 月 23 日以來的最低水平徘徊。本文探討了一些拖累該指數的頂級公司。</p>
<h2>阿迪達斯是 DAX 指數中的最大拖累者</h2>
<p>阿迪達斯，耐克最大的競爭對手，已成為 DAX 指數中的最大拖累者。它自 2 月份的最高點下跌超過 40%，目前徘徊在自 10 月 2 日以來的最低水平。</p>
<p>儘管阿迪達斯最近發佈了令人鼓舞的業績，但其股價在過去 30 天內下跌了 20%。其第三季度營業利潤增長了 23%，達到€736 百萬，而淨收入飆升至€485 百萬。</p>
<p>阿迪達斯的股票下跌是因為行業內其他公司，如耐克、Under Armour 和 Lululemon，均出現回撤。同樣，像 On Holding 這樣的新品牌在過去幾天也出現了回撤。</p>
<h2>Zalando 的股價今年大幅下跌</h2>
<p>DAX 指數中的另一個主要拖累者是 Zalando，這是一個頂級在線時尚和生活方式平台。它的市值超過€59.5 億，遠低於其歷史最高點。</p>
<p>Zalando 的股價下跌是由於歐洲零售行業面臨的持續挑戰。其最新業績顯示，GMV 增長了 6.5%，達到€34.9 億，而收入增長了 7.9%，達到€24 億。</p>
<p>結果還顯示，活躍客户數量從去年同期的 4950 萬增加到 5240 萬。最重要的是，該公司重申了前瞻性指引，預計收入將增長 4% 至 9%。</p>
<p>閲讀更多：百度股價處於熊市：財報後會反彈嗎？</p>
<h2>Scout24 的崩盤勢頭增強</h2>
<p>DAX 指數中的另一個主要拖累者是 Scout24，這是一家運營 ImmoScout24 的公司。Scout24 的股價已跌至€86.65，較今年最高點下跌近 30%。</p>
<p>儘管發佈了強勁的財務業績，Scout24 的股價仍然下跌。其第三季度收入增長了 15%，達到€1.65 億，而淨收入躍升至€1.015 億。管理層還將指引範圍收窄至上限，儘管警告全球不確定性。</p>
<p>在過去 30 天中，DAX 指數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，指數中的主要漲幅公司包括 Deutsche Post、RWE、Heidelberg Materials、Mercedes-Benz、BMW、Porsche 和 Commerzbank。</p>
<h2>DAX 指數技術分析</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 指數圖表 | 來源：TradingView</p>
<p>日線圖顯示，德國 DAX 指數在過去幾個月中回落。它從 10 月份的年內最高點€24,778 下跌至當前的€23,200。</p>
<p>該指數已跌破重要支撐位€23,328，這是 9 月份的最低水平。該價格也位於雙頂形態的頸線位置。</p>
<p>該指數還跌破了 23.6% 的斐波那契回撤位€23,230。它還跌破了 100 日指數移動平均線（EMA），這表明空頭佔據主導地位。</p>
<p>因此，最可能的情景是繼續下跌，下一個關注點是 50% 的回撤位€21,600。若突破 100 日移動平均線€23,840，將會否定看空前景。</p>
<p>閲讀更多：以下是 FTSE 100 指數本週崩盤的原因</p>
<p>本文的標題為 DAX 指數預測：失去關鍵支撐和主要拖累者揭示，首次出現在 Invezz 上。</p>

DHLGY

德國郵政

阿迪達斯

<p>DAX 指數已降至自 6 月以來的最低水平，跌至 23,180 歐元。阿迪達斯、Zalando 和 Scout24 是主要的滯後者，阿迪達斯的股價自 2 月以來下跌了 40%。儘管財務業績強勁，這些公司的股票仍出現了顯著下跌。該指數已跌破關鍵支撐位，顯示出看跌趨勢，可能進一步下跌至 21,600 歐元。主要漲幅股包括德國郵政和寶馬</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 指數在過去幾個月中回落，因為全球股票的近期動能減弱。它跌至€23,180，創下自 6 月 22 日以來的最低水平，並在 6 月 23 日以來的最低水平徘徊。本文探討了一些拖累該指數的頂級公司。</p>
</div><h2>Adidas is the top laggard in the DAX Index</h2>
<div class="lb-trans"><h2>阿迪達斯是 DAX 指數中的最大拖累者</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>阿迪達斯，耐克最大的競爭對手，已成為 DAX 指數中的最大拖累者。它自 2 月份的最高點下跌超過 40%，目前徘徊在自 10 月 2 日以來的最低水平。</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>儘管阿迪達斯最近發佈了令人鼓舞的業績，但其股價在過去 30 天內下跌了 20%。其第三季度營業利潤增長了 23%，達到€736 百萬，而淨收入飆升至€485 百萬。</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>阿迪達斯的股票下跌是因為行業內其他公司，如耐克、Under Armour 和 Lululemon，均出現回撤。同樣，像 On Holding 這樣的新品牌在過去幾天也出現了回撤。</p>
</div><h2>Zalando shares have plunged this year</h2>
<div class="lb-trans"><h2>Zalando 的股價今年大幅下跌</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 指數中的另一個主要拖累者是 Zalando，這是一個頂級在線時尚和生活方式平台。它的市值超過€59.5 億，遠低於其歷史最高點。</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 的股價下跌是由於歐洲零售行業面臨的持續挑戰。其最新業績顯示，GMV 增長了 6.5%，達到€34.9 億，而收入增長了 7.9%，達到€24 億。</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>結果還顯示，活躍客户數量從去年同期的 4950 萬增加到 5240 萬。最重要的是，該公司重申了前瞻性指引，預計收入將增長 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>閲讀更多：百度股價處於熊市：財報後會反彈嗎？</p>
</div><h2>Scout24 crash gains steam</h2>
<div class="lb-trans"><h2>Scout24 的崩盤勢頭增強</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 指數中的另一個主要拖累者是 Scout24，這是一家運營 ImmoScout24 的公司。Scout24 的股價已跌至€86.65，較今年最高點下跌近 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>儘管發佈了強勁的財務業績，Scout24 的股價仍然下跌。其第三季度收入增長了 15%，達到€1.65 億，而淨收入躍升至€1.015 億。管理層還將指引範圍收窄至上限，儘管警告全球不確定性。</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>在過去 30 天中，DAX 指數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，指數中的主要漲幅公司包括 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 指數技術分析</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 指數圖表 | 來源：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>日線圖顯示，德國 DAX 指數在過去幾個月中回落。它從 10 月份的年內最高點€24,778 下跌至當前的€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>該指數已跌破重要支撐位€23,328，這是 9 月份的最低水平。該價格也位於雙頂形態的頸線位置。</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>該指數還跌破了 23.6% 的斐波那契回撤位€23,230。它還跌破了 100 日指數移動平均線（EMA），這表明空頭佔據主導地位。</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，最可能的情景是繼續下跌，下一個關注點是 50% 的回撤位€21,600。若突破 100 日移動平均線€23,840，將會否定看空前景。</p>
</div><p>READ MORE: Here’s why the FTSE 100 Index is crashing this week</p>
<div class="lb-trans"><p>閲讀更多：以下是 FTSE 100 指數本週崩盤的原因</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>本文的標題為 DAX 指數預測：失去關鍵支撐和主要拖累者揭示，首次出現在 Invezz 上。</p>
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DAX 指數預測：失去關鍵支撐位，主要落後者揭曉