FRANKFURT (dpa-AFX) - The shares of the defense technology group Hensoldt rose to the top of the MDax on Tuesday with a plus of 3.58 percent to 27.74 euros. At the end of last week, the share price broke out of the downward trend that the shares had entered in April 2023 after reaching a record high of 37.54 euros.

The next significant resistance level is around EUR 29. This is where some conspicuous interim highs and lows of the past few months have occurred. The 200-day line, an important medium-term trend indicator at EUR 29.21, also runs through this area. The line is still falling slightly.

Recently, the tensions in the Red Sea have brought defense stocks back into focus. In addition, the war in Ukraine remains in focus. At the beginning of the year, analyst David Perry from the bank JPMorgan was also positive about defense stocks: "Politicians in Europe and the USA will ultimately approve of higher defense spending and will also continue to support Ukraine".

Rheinmetall shares rose by more than two percent on Tuesday as the favorite in the DAX. At 323 euros, they reached another record high. Unlike Hensoldt, there was a longer phase of consolidation in Rheinmetall's share price in 2023 - i.e. no further price gains after a strong rise - but no major setback.

In the end, Rheinmetall was the best DAX stock last year with a price gain of 54 percent, after doubling in 2022. And in the still young year 2024, the stock is already a DAX favorite again with a plus of twelve percent./mis/ajx/jha/