European Indices Decline with DAX 40 Leading Losses
Euro Stoxx 50 Technical Analysis
The Euro Stoxx 50 index is currently trading near its 20-day moving average (MA20) at 5530.05, slightly below the MA20 of 5533.56, indicating a neutral short-term trend. The index is above its 50-day (5443.89) and 200-day (5317.25) moving averages, suggesting a positive medium to long-term trend. The Bollinger Bands show the index near the middle band (5533.56), with recent price action between the upper (5696.34) and lower (5370.77) bands, indicating moderate volatility.
The Relative Strength Index (RSI) at 51.68 reflects a neutral momentum, neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) at 45.94 is below its signal line at 52.37, suggesting a potential bearish crossover and a decrease in upward momentum. The index’s proximity to its 52-week and year-to-date highs indicates that it is near the upper range of its recent trading activity, but the current pullback could be a consolidation phase before further movements.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 5530.05 |
| Today’s Change (%) | -0.68 |
| 20-day MA | 5533.56 |
| % from 20-day MA | -0.06 |
| 50-day MA | 5443.89 |
| % from 50-day MA | 1.58 |
| 200-day MA | 5317.25 |
| % from 200-day MA | 4.00 |
| Bollinger Upper | 5696.34 |
| % from BB Upper | -2.92 |
| Bollinger Lower | 5370.77 |
| % from BB Lower | 2.97 |
| RSI (14) | 51.68 |
| MACD | 45.94 |
| MACD Signal | 52.37 |
| 3-day High | 5648.59 |
| % from 3-day High | -2.10 |
| 3-day Low | 5497.11 |
| % from 3-day Low | 0.60 |
| 52-week High | 5674.55 |
| % from 52-week High | -2.55 |
| 52-week Low | 4540.22 |
| % from 52-week Low | 21.80 |
| YTD High | 5674.55 |
| % from YTD High | -2.55 |
| YTD Low | 4540.22 |
| % from YTD Low | 21.80 |
| ATR (14) | 57.41 |
The Euro Stoxx 50 index presents a generally neutral to slightly bullish outlook. Currently trading near its 20-day moving average (MA20) and above both its 50-day (MA50) and 200-day (MA200) moving averages, the index shows moderate upward momentum. The Relative Strength Index (RSI) at 51.68 indicates a balanced market sentiment. Immediate resistance is seen near the recent 3-day high of 5648.59, with support around the 3-day low of 5497.11. Market participants should watch for potential fluctuations within these bounds.
FTSE 100 Technical Analysis
The FTSE 100 index is currently trading at 9430.51, slightly below its recent high, indicating a minor pullback with a daily change of -0.13%. The index is positioned above all key moving averages (MA20 at 9359.5, MA50 at 9266.04, and MA200 at 8800.43), suggesting a strong bullish trend over the short, medium, and long term. The relative strength index (RSI) at 58.34 points towards a moderately bullish momentum, while not yet in the overbought territory.
The Moving Average Convergence Divergence (MACD) at 68.23 is above its signal line at 66.87, further confirming the upward momentum. The index is trading between its Bollinger Bands, with the current price closer to the upper band at 9593.26, indicating potential resistance near this level. The recent price is slightly below the 3-day high of 9520.0, suggesting some consolidation or resistance near this peak. Overall, the technical indicators support a bullish outlook but advise caution near the upper resistance levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9430.51 |
| Today’s Change (%) | -0.13 |
| 20-day MA | 9359.50 |
| % from 20-day MA | 0.76 |
| 50-day MA | 9266.04 |
| % from 50-day MA | 1.77 |
| 200-day MA | 8800.43 |
| % from 200-day MA | 7.16 |
| Bollinger Upper | 9593.26 |
| % from BB Upper | -1.70 |
| Bollinger Lower | 9125.74 |
| % from BB Lower | 3.34 |
| RSI (14) | 58.34 |
| MACD | 68.23 |
| MACD Signal | 66.87 |
| 3-day High | 9520.00 |
| % from 3-day High | -0.94 |
| 3-day Low | 9400.54 |
| % from 3-day Low | 0.32 |
| 52-week High | 9577.10 |
| % from 52-week High | -1.53 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 24.99 |
| YTD High | 9577.10 |
| % from YTD High | -1.53 |
| YTD Low | 7544.80 |
| % from YTD Low | 24.99 |
| ATR (14) | 65.31 |
The FTSE 100 exhibits a bullish trend, currently trading above its 20-day, 50-day, and 200-day moving averages, indicating sustained upward momentum. Immediate resistance is seen near the 52-week high at 9577.1, with support around the recent 3-day low of 9400.54. Market sentiment leans positive, supported by a RSI of 58.34, suggesting moderate bullish momentum without being overbought. The MACD above its signal line further confirms bullish sentiment. Investors should watch for potential resistance at the Bollinger Band upper limit of 9593.26.
CAC 40 Technical Analysis
The CAC 40 index is currently trading at 7882.98, showing a slight decline today. It is positioned below the 20-day moving average (MA20) of 7917.81 but above both the 50-day (MA50) at 7841.33 and the 200-day (MA200) at 7792.09, indicating a mixed short-term trend but a generally positive medium to long-term outlook. The index is trading near the lower Bollinger Band (7742.37), suggesting potential oversold conditions.
The Relative Strength Index (RSI) at 48.43 is neutral, indicating no significant momentum in either direction. The Moving Average Convergence Divergence (MACD) at 39.79 is below its signal line at 47.95, suggesting a bearish momentum in the short term. The index’s proximity to its 3-day low of 7853.82 and a recent high of 8082.53, combined with a year-to-date high of 8257.88, highlights recent volatility and potential resistance near these upper levels. Overall, the technical indicators suggest cautious trading with a watch on potential shifts in momentum or trend.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 7882.98 |
| Today’s Change (%) | -0.65 |
| 20-day MA | 7917.81 |
| % from 20-day MA | -0.44 |
| 50-day MA | 7841.33 |
| % from 50-day MA | 0.53 |
| 200-day MA | 7792.09 |
| % from 200-day MA | 1.17 |
| Bollinger Upper | 8093.25 |
| % from BB Upper | -2.60 |
| Bollinger Lower | 7742.37 |
| % from BB Lower | 1.82 |
| RSI (14) | 48.43 |
| MACD | 39.79 |
| MACD Signal | 47.95 |
| 3-day High | 8082.53 |
| % from 3-day High | -2.47 |
| 3-day Low | 7853.82 |
| % from 3-day Low | 0.37 |
| 52-week High | 8257.88 |
| % from 52-week High | -4.54 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 16.55 |
| YTD High | 8257.88 |
| % from YTD High | -4.54 |
| YTD Low | 6763.76 |
| % from YTD Low | 16.55 |
| ATR (14) | 90.63 |
The CAC 40 index shows a neutral to slightly bearish outlook as it hovers between its 20-day and 50-day moving averages, indicating some indecision in the market. The index is currently below the middle Bollinger Band and the MACD is below its signal line, suggesting a lack of strong bullish momentum. Immediate support is around the 3-day low of 7853.82, with resistance near the 20-day MA at 7917.81. Market sentiment appears cautious, reflecting mixed signals from technical indicators.
DAX 40 Technical Analysis
The DAX 40 index is currently positioned above its key moving averages (MA20 at 24004.0, MA50 at 23991.98, and MA200 at 23064.41), indicating a bullish trend in the medium to long term. The index is trading near the middle Bollinger Band (24004.0), with recent price action between the upper (24790.84) and lower (23217.17) bands suggesting some volatility.
The Relative Strength Index (RSI) at 52.94 shows the market is neither overbought nor oversold, supporting a stable outlook. The Moving Average Convergence Divergence (MACD) value of 155.82, above its signal line at 120.01, indicates bullish momentum.
Key resistance is near the recent 52-week high at 24771.34, while support is around the recent low at 24078.65. The index’s performance above its 200-day moving average by approximately 4.86% further underscores the prevailing upward trend.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24184.82 |
| Today’s Change (%) | -0.83 |
| 20-day MA | 24004.00 |
| % from 20-day MA | 0.75 |
| 50-day MA | 23991.98 |
| % from 50-day MA | 0.80 |
| 200-day MA | 23064.41 |
| % from 200-day MA | 4.86 |
| Bollinger Upper | 24790.84 |
| % from BB Upper | -2.44 |
| Bollinger Lower | 23217.17 |
| % from BB Lower | 4.17 |
| RSI (14) | 52.94 |
| MACD | 155.82 |
| MACD Signal | 120.01 |
| 3-day High | 24690.72 |
| % from 3-day High | -2.05 |
| 3-day Low | 24078.65 |
| % from 3-day Low | 0.44 |
| 52-week High | 24771.34 |
| % from 52-week High | -2.37 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 30.80 |
| YTD High | 24771.34 |
| % from YTD High | -2.37 |
| YTD Low | 18489.91 |
| % from YTD Low | 30.80 |
| ATR (14) | 255.66 |
The DAX 40 index shows a cautiously bullish outlook as it trades above its key moving averages (MA20, MA50, MA200), indicating a positive medium to long-term trend. Current price action is near the upper Bollinger Band, suggesting potential resistance near the recent highs around 24,690.72. The RSI at 52.94 points to a neutral momentum, while the MACD above its signal line supports the bullish sentiment. Immediate support is established around the 24,078.65 level, with resistance near the 52-week high of 24,771.34.
IBEX 35 Technical Analysis
The IBEX 35 is currently trading at 15559.7, showing a slight increase of 0.12% today. It is positioned above all key moving averages (MA20 at 15391.94, MA50 at 15194.09, and MA200 at 13782.91), indicating a strong bullish trend in the medium to long term. The index is trading near its 52-week and year-to-date highs, suggesting potential resistance around the 15732.7 level.
The Relative Strength Index (RSI) at 59.61 indicates that the index is neither overbought nor oversold, supporting a stable price movement. However, the Moving Average Convergence Divergence (MACD) at 135.04 is slightly below its signal line at 138.98, hinting at a possible loss of momentum in the short term.
Bollinger Bands show the index close to the upper band at 15762.52, which could act as a resistance level. The Average True Range (ATR) of 156.98 suggests moderate volatility. Overall, the technical setup favors continued bullishness, but caution is warranted near current resistance levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 15559.70 |
| Today’s Change (%) | 0.12 |
| 20-day MA | 15391.94 |
| % from 20-day MA | 1.09 |
| 50-day MA | 15194.09 |
| % from 50-day MA | 2.41 |
| 200-day MA | 13782.91 |
| % from 200-day MA | 12.89 |
| Bollinger Upper | 15762.52 |
| % from BB Upper | -1.29 |
| Bollinger Lower | 15021.35 |
| % from BB Lower | 3.58 |
| RSI (14) | 59.61 |
| MACD | 135.04 |
| MACD Signal | 138.98 |
| 3-day High | 15715.40 |
| % from 3-day High | -0.99 |
| 3-day Low | 15452.40 |
| % from 3-day Low | 0.69 |
| 52-week High | 15732.70 |
| % from 52-week High | -1.10 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 37.76 |
| YTD High | 15732.70 |
| % from YTD High | -1.10 |
| YTD Low | 11456.20 |
| % from YTD Low | 35.82 |
| ATR (14) | 156.98 |
The IBEX 35 shows a bullish trend, consistently trading above its 20-day, 50-day, and 200-day moving averages, indicating strong upward momentum over short, medium, and long-term periods. The index is approaching its 52-week and year-to-date highs, suggesting potential resistance near 15732.7. Immediate support is found around the 3-day low of 15452.4. Market sentiment is positive, reflected by an RSI of 59.61, which is near the upper end of the neutral range. The MACD slightly below its signal line suggests cautious optimism.
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