European Indices Mixed, CAC 40 Leads Gains
Euro Stoxx 50 Technical Analysis
The Euro Stoxx 50 index is currently trading at 5612.4, showing a slight increase of 0.13 today. It is positioned above all key moving averages (20-day at 5554.21, 50-day at 5456.77, and 200-day at 5324.69), indicating a strong bullish trend. The index is trading near the upper Bollinger Band (5697.63), suggesting potential resistance near the 52-week and YTD high of 5674.55.
The RSI at 59.97 is nearing the overbought territory but still suggests bullish momentum. The MACD at 46.8 is below its signal line (50.65), indicating some bearish divergence in the short term. The index’s proximity to its recent highs and the upper Bollinger Band, combined with the MACD signal, suggests cautious monitoring for potential pullbacks or consolidation. However, the overall trend remains positive, supported by the placement above all major moving averages and the recent price action relative to the Bollinger Bands.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 5612.40 |
| Today’s Change (%) | 0.13 |
| 20-day MA | 5554.21 |
| % from 20-day MA | 1.05 |
| 50-day MA | 5456.77 |
| % from 50-day MA | 2.85 |
| 200-day MA | 5324.69 |
| % from 200-day MA | 5.40 |
| Bollinger Upper | 5697.63 |
| % from BB Upper | -1.50 |
| Bollinger Lower | 5410.78 |
| % from BB Lower | 3.73 |
| RSI (14) | 59.97 |
| MACD | 46.80 |
| MACD Signal | 50.65 |
| 3-day High | 5639.95 |
| % from 3-day High | -0.49 |
| 3-day Low | 5487.67 |
| % from 3-day Low | 2.27 |
| 52-week High | 5674.55 |
| % from 52-week High | -1.10 |
| 52-week Low | 4540.22 |
| % from 52-week Low | 23.62 |
| YTD High | 5674.55 |
| % from YTD High | -1.10 |
| YTD Low | 4540.22 |
| % from YTD Low | 23.62 |
| ATR (14) | 58.33 |
The Euro Stoxx 50 index exhibits a bullish trend, consistently trading above its key moving averages (MA20, MA50, MA200), indicating sustained upward momentum. The index is approaching its 52-week and year-to-date highs, with current resistance near 5674.55. Immediate support is found around the 20-day moving average of 5554.21. Market sentiment is positive, underscored by a moderate RSI of 59.97, suggesting the market is neither overbought nor oversold. The MACD slightly below its signal line indicates potential for continued growth, albeit with caution for possible consolidation.
FTSE 100 Technical Analysis
The FTSE 100 index is currently positioned at 9423.22, showing minimal daily change. The index is trading above all key moving averages (MA20 at 9381.19, MA50 at 9277.31, MA200 at 8812.61), indicating a bullish trend in the medium to long term. The index is near the upper Bollinger Band (9598.3) but has not breached it, suggesting a potential resistance around the 52-week high of 9577.1.
The Relative Strength Index (RSI) at 56.95 points to neither overbought nor oversold conditions, supporting a stable market sentiment. However, the Moving Average Convergence Divergence (MACD) at 59.17 below its signal line at 65.16 could indicate a slowing momentum.
Overall, the FTSE 100 shows strength but faces resistance near its yearly highs, with mixed signals from momentum indicators suggesting cautious optimism.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9423.22 |
| Today’s Change (%) | -0.02 |
| 20-day MA | 9381.19 |
| % from 20-day MA | 0.45 |
| 50-day MA | 9277.31 |
| % from 50-day MA | 1.57 |
| 200-day MA | 8812.61 |
| % from 200-day MA | 6.93 |
| Bollinger Upper | 9598.30 |
| % from BB Upper | -1.82 |
| Bollinger Lower | 9164.07 |
| % from BB Lower | 2.83 |
| RSI (14) | 56.95 |
| MACD | 59.17 |
| MACD Signal | 65.16 |
| 3-day High | 9474.30 |
| % from 3-day High | -0.54 |
| 3-day Low | 9384.20 |
| % from 3-day Low | 0.42 |
| 52-week High | 9577.10 |
| % from 52-week High | -1.61 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 24.90 |
| YTD High | 9577.10 |
| % from YTD High | -1.61 |
| YTD Low | 7544.80 |
| % from YTD Low | 24.90 |
| ATR (14) | 65.45 |
The FTSE 100 exhibits a bullish trend, consistently trading above its key moving averages (MA20, MA50, MA200), indicating sustained upward momentum. The index is currently near its upper Bollinger Band, suggesting potential resistance around 9598.3, with support at 9164.07. The RSI at 56.95 points to neither overbought nor oversold conditions, supporting a stable outlook. Immediate market sentiment appears cautiously optimistic, with the index hovering close to recent highs, yet slightly below the 52-week peak of 9577.1.
CAC 40 Technical Analysis
The CAC 40 index is currently showing a bullish trend, trading at 8099.0, which is above its key moving averages (MA20 at 7946.36, MA50 at 7858.7, and MA200 at 7799.52), indicating sustained upward momentum. The index is positioned close to its upper Bollinger Band (8132.61), suggesting it is nearing a potential resistance level. The RSI at 62.33 points to somewhat overbought conditions but not excessively so, allowing room for further upside.
The MACD value at 56.18 above its signal line at 50.23 supports the bullish sentiment, indicating ongoing positive momentum. The index’s proximity to its 52-week high (8257.88) and surpassing of the year-to-date high suggests strong performance but also highlights a critical resistance zone around the 8250 level. The average true range (ATR) of 97.24 underlines current volatility, which traders should monitor for potential price swings. Overall, the technical indicators favor a continued bullish outlook, but caution near resistance levels is advised.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 8099.00 |
| Today’s Change (%) | 0.27 |
| 20-day MA | 7946.36 |
| % from 20-day MA | 1.92 |
| 50-day MA | 7858.70 |
| % from 50-day MA | 3.06 |
| 200-day MA | 7799.52 |
| % from 200-day MA | 3.84 |
| Bollinger Upper | 8132.61 |
| % from BB Upper | -0.41 |
| Bollinger Lower | 7760.11 |
| % from BB Lower | 4.37 |
| RSI (14) | 62.33 |
| MACD | 56.18 |
| MACD Signal | 50.23 |
| 3-day High | 8130.72 |
| % from 3-day High | -0.39 |
| 3-day Low | 7825.97 |
| % from 3-day Low | 3.49 |
| 52-week High | 8257.88 |
| % from 52-week High | -1.92 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 19.74 |
| YTD High | 8257.88 |
| % from YTD High | -1.92 |
| YTD Low | 6763.76 |
| % from YTD Low | 19.74 |
| ATR (14) | 97.24 |
The CAC 40 index exhibits a bullish trend, currently trading above its key moving averages (MA20, MA50, MA200), indicating sustained upward momentum. The index is approaching its upper Bollinger Band and is near the 52-week high, suggesting potential resistance around 8132.61. The RSI at 62.33 points to somewhat overbought conditions but not excessively so. Immediate market sentiment appears positive, supported by a bullish MACD above its signal line. Watch for resistance near the recent highs and support at the lower Bollinger Band around 7760.11.
DAX 40 Technical Analysis
The DAX 40 index is currently trading at 24,177.39, showing minimal daily change but maintaining a position above its key moving averages (20-day at 24,072.86, 50-day at 23,997.86, and 200-day at 23,105.85), indicating a bullish trend in the medium to long term. The index is trading between its Bollinger Bands, with the upper band at 24,788.33 and the lower at 23,357.39, suggesting moderate volatility.
The RSI at 52.62 points to a neutral momentum, neither overbought nor oversold. The MACD, at 127.78, is slightly above its signal line at 125.77, indicating a potential bullish momentum but without strong conviction. The proximity to the 52-week and YTD highs suggests resistance near these levels, while the ATR of 246.68 indicates recent price fluctuations are within normal ranges. Overall, the DAX 40 shows stability with a slight bullish inclination but lacks strong directional momentum.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24177.39 |
| Today’s Change (%) | -0.02 |
| 20-day MA | 24072.86 |
| % from 20-day MA | 0.43 |
| 50-day MA | 23997.86 |
| % from 50-day MA | 0.75 |
| 200-day MA | 23105.85 |
| % from 200-day MA | 4.64 |
| Bollinger Upper | 24788.33 |
| % from BB Upper | -2.46 |
| Bollinger Lower | 23357.39 |
| % from BB Lower | 3.51 |
| RSI (14) | 52.62 |
| MACD | 127.78 |
| MACD Signal | 125.77 |
| 3-day High | 24339.27 |
| % from 3-day High | -0.67 |
| 3-day Low | 23986.93 |
| % from 3-day Low | 0.79 |
| 52-week High | 24771.34 |
| % from 52-week High | -2.40 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 30.76 |
| YTD High | 24771.34 |
| % from YTD High | -2.40 |
| YTD Low | 18489.91 |
| % from YTD Low | 30.76 |
| ATR (14) | 246.68 |
The DAX 40 exhibits a mildly bullish trend, currently trading above its key moving averages (MA20, MA50, MA200), indicating sustained upward momentum. The index is positioned between its 20-day MA and the upper Bollinger Band, suggesting moderate volatility. Immediate resistance is near the recent high at 24,771.34, with support around the 20-day MA of 24,072.86. Market sentiment is cautiously optimistic, reflected by an RSI of 52.62, which shows neither overbought nor oversold conditions. The MACD above its signal line further supports bullish sentiment.
IBEX 35 Technical Analysis
The IBEX 35 is currently trading at 15524.6, showing a slight decline of 0.29% today. The index is positioned above its 20-day (15432.88), 50-day (15231.97), and significantly above the 200-day (13821.22) moving averages, indicating a strong bullish trend in the medium to long term. The RSI at 57.14 suggests the market is neither overbought nor oversold, maintaining a neutral stance.
The MACD at 123.76, below its signal line at 135.18, indicates a potential slowdown in the bullish momentum. The proximity to the upper Bollinger Band (15777.92) and recent highs around 15732.7 suggests resistance near these levels, while the lower Bollinger Band at 15087.85 could act as a support in case of a pullback. The ATR of 157.6 points to moderate daily volatility. Overall, the index shows bullish signals but with caution advised near key resistance levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 15524.60 |
| Today’s Change (%) | -0.29 |
| 20-day MA | 15432.88 |
| % from 20-day MA | 0.59 |
| 50-day MA | 15231.97 |
| % from 50-day MA | 1.92 |
| 200-day MA | 13821.22 |
| % from 200-day MA | 12.32 |
| Bollinger Upper | 15777.92 |
| % from BB Upper | -1.61 |
| Bollinger Lower | 15087.85 |
| % from BB Lower | 2.89 |
| RSI (14) | 57.14 |
| MACD | 123.76 |
| MACD Signal | 135.18 |
| 3-day High | 15719.80 |
| % from 3-day High | -1.24 |
| 3-day Low | 15433.90 |
| % from 3-day Low | 0.59 |
| 52-week High | 15732.70 |
| % from 52-week High | -1.32 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 37.45 |
| YTD High | 15732.70 |
| % from YTD High | -1.32 |
| YTD Low | 11456.20 |
| % from YTD Low | 35.51 |
| ATR (14) | 157.60 |
The IBEX 35 exhibits a bullish trend, currently trading above its 20, 50, and 200-day moving averages, indicating sustained upward momentum. The index is positioned between its recent 3-day low and the upper Bollinger Band, suggesting moderate volatility. Immediate resistance is near the 52-week high at 15732.7, with support around the 20-day MA of 15432.88. Market sentiment is cautiously optimistic, reflected by an RSI of 57.14, hinting at more potential upside without being overbought.
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