European Indices Mixed, CAC 40 Leads Gains
Euro Stoxx 50 Technical Analysis
The Euro Stoxx 50 index is currently trading at 5626.86, showing minimal daily change but maintaining a position above all key moving averages (MA20 at 5486.56, MA50 at 5417.75, MA200 at 5300.73), indicating a strong bullish trend. The index is near its upper Bollinger Band (5672.93) and close to its 52-week and year-to-date highs (5674.55), suggesting potential resistance around these levels.
The Relative Strength Index (RSI) at 69.23 is nearing overbought territory, which could signal a forthcoming pullback or consolidation. The Moving Average Convergence Divergence (MACD) at 64.68 above its signal line at 46.32 supports the current upward momentum. However, proximity to key resistance levels and high RSI may limit the upside potential in the short term.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 5626.86 |
| Today’s Change (%) | -0.03 |
| 20-day MA | 5486.56 |
| % from 20-day MA | 2.56 |
| 50-day MA | 5417.75 |
| % from 50-day MA | 3.86 |
| 200-day MA | 5300.73 |
| % from 200-day MA | 6.15 |
| Bollinger Upper | 5672.93 |
| % from BB Upper | -0.81 |
| Bollinger Lower | 5300.18 |
| % from BB Lower | 6.16 |
| RSI (14) | 69.23 |
| MACD | 64.68 |
| MACD Signal | 46.32 |
| 3-day High | 5667.92 |
| % from 3-day High | -0.72 |
| 3-day Low | 5605.52 |
| % from 3-day Low | 0.38 |
| 52-week High | 5674.55 |
| % from 52-week High | -0.84 |
| 52-week Low | 4540.22 |
| % from 52-week Low | 23.93 |
| YTD High | 5674.55 |
| % from YTD High | -0.84 |
| YTD Low | 4540.22 |
| % from YTD Low | 23.93 |
| ATR (14) | 50.16 |
The Euro Stoxx 50 index exhibits a bullish trend, consistently trading above its key moving averages (MA20, MA50, MA200) with a positive percentage difference, indicating sustained upward momentum. The index is approaching its 52-week and year-to-date highs, suggesting potential resistance near 5674.55. The RSI at 69.23 leans towards overbought territory, which could signal a near-term pullback. Immediate support is around 5605.52, the recent 3-day low. Market sentiment appears optimistic as the index tests these upper levels.
FTSE 100 Technical Analysis
The FTSE 100 is currently exhibiting bullish signals, trading near its 52-week and year-to-date highs at 9482.98, just below the upper Bollinger Band at 9505.92. This proximity to the upper band and recent highs suggests a potential resistance zone around 9516.8. The index is well above its moving averages (MA20 at 9305.45, MA50 at 9230.91, and MA200 at 8766.6), indicating a strong upward trend over both short and long terms.
The Relative Strength Index (RSI) at 71.17 points to overbought conditions, which could hint at a forthcoming pullback or consolidation. Additionally, the MACD value at 72.64 above its signal line at 50.25 supports the current bullish momentum but also underscores the need for caution as the market may be extending too far too fast. The Average True Range (ATR) of 61.99 reflects moderate recent volatility, aligning with the observed price movements and potential for short-term fluctuations.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9482.98 |
| Today’s Change (%) | 0.04 |
| 20-day MA | 9305.45 |
| % from 20-day MA | 1.91 |
| 50-day MA | 9230.91 |
| % from 50-day MA | 2.73 |
| 200-day MA | 8766.60 |
| % from 200-day MA | 8.17 |
| Bollinger Upper | 9505.92 |
| % from BB Upper | -0.24 |
| Bollinger Lower | 9104.99 |
| % from BB Lower | 4.15 |
| RSI (14) | 71.17 |
| MACD | 72.64 |
| MACD Signal | 50.25 |
| 3-day High | 9516.80 |
| % from 3-day High | -0.36 |
| 3-day Low | 9425.00 |
| % from 3-day Low | 0.62 |
| 52-week High | 9516.80 |
| % from 52-week High | -0.36 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 25.69 |
| YTD High | 9516.80 |
| % from YTD High | -0.36 |
| YTD Low | 7544.80 |
| % from YTD Low | 25.69 |
| ATR (14) | 61.99 |
The FTSE 100 exhibits a bullish trend, currently trading near its 52-week and year-to-date highs. The index is positioned above all key moving averages (MA20, MA50, MA200), indicating sustained upward momentum. The RSI at 71.17 suggests overbought conditions, which may prompt some consolidation or pullback. Immediate support and resistance are observed at the 3-day low of 9425.0 and the upper Bollinger band at 9505.92, respectively. Market sentiment remains positive, supported by a strong MACD above its signal line.
CAC 40 Technical Analysis
The CAC 40 index is currently positioned above all key moving averages (MA20 at 7882.37, MA50 at 7813.32, and MA200 at 7776.55), indicating a bullish trend in the medium to long term. The index is trading near the upper Bollinger Band (8052.31) but has not breached it, suggesting a consolidation phase rather than overextension. The Relative Strength Index (RSI) at 58.38 points towards a moderately bullish momentum without entering the overbought territory. The MACD value at 56.67, significantly above its signal line at 40.64, supports the bullish momentum. However, proximity to the 3-day high (8097.24) and the year-to-date high (8257.88) may introduce resistance levels that could curb upward movements. The Average True Range (ATR) at 83.33 indicates moderate volatility. Overall, the technical indicators suggest a stable upward trend with potential resistance near recent highs.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 7977.58 |
| Today’s Change (%) | 0.07 |
| 20-day MA | 7882.37 |
| % from 20-day MA | 1.21 |
| 50-day MA | 7813.32 |
| % from 50-day MA | 2.10 |
| 200-day MA | 7776.55 |
| % from 200-day MA | 2.59 |
| Bollinger Upper | 8052.31 |
| % from BB Upper | -0.93 |
| Bollinger Lower | 7712.43 |
| % from BB Lower | 3.44 |
| RSI (14) | 58.38 |
| MACD | 56.67 |
| MACD Signal | 40.64 |
| 3-day High | 8097.24 |
| % from 3-day High | -1.48 |
| 3-day Low | 7909.46 |
| % from 3-day Low | 0.86 |
| 52-week High | 8257.88 |
| % from 52-week High | -3.39 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 17.95 |
| YTD High | 8257.88 |
| % from YTD High | -3.39 |
| YTD Low | 6763.76 |
| % from YTD Low | 17.95 |
| ATR (14) | 83.33 |
The CAC 40 index exhibits a bullish trend, as indicated by its current price positioned above all major moving averages (MA20, MA50, MA200) and a positive MACD above its signal line. The index is trading near the upper Bollinger Band, suggesting potential resistance around 8052.31, with support at the lower band at 7712.43. Market sentiment appears positive, supported by a moderate RSI of 58.38, indicating neither overbought nor oversold conditions. Immediate trends suggest continued upward momentum, albeit with caution near resistance levels.
DAX 40 Technical Analysis
The DAX 40 is currently trading at 24369.71, showing a minimal daily change. It is positioned above all key moving averages (MA20 at 23807.71, MA50 at 23938.36, and MA200 at 22952.48), indicating a strong bullish trend. The index is near the upper Bollinger Band (24470.7), suggesting potential resistance or overbought conditions.
The Relative Strength Index (RSI) at 63.8 points towards bullish momentum but is approaching overbought territory. The Moving Average Convergence Divergence (MACD) at 125.33, significantly above its signal line at 20.67, reinforces the bullish momentum.
Key resistance is near the 52-week high at 24639.1, with support around the recent 3-day low of 24269.94. The Average True Range (ATR) of 240.5 indicates moderate daily price volatility. Overall, the technical setup favors bullish continuation but advises caution near resistance levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24369.71 |
| Today’s Change (%) | -0.04 |
| 20-day MA | 23807.71 |
| % from 20-day MA | 2.36 |
| 50-day MA | 23938.36 |
| % from 50-day MA | 1.80 |
| 200-day MA | 22952.48 |
| % from 200-day MA | 6.17 |
| Bollinger Upper | 24470.70 |
| % from BB Upper | -0.41 |
| Bollinger Lower | 23144.73 |
| % from BB Lower | 5.29 |
| RSI (14) | 63.80 |
| MACD | 125.33 |
| MACD Signal | 20.67 |
| 3-day High | 24524.11 |
| % from 3-day High | -0.63 |
| 3-day Low | 24269.94 |
| % from 3-day Low | 0.41 |
| 52-week High | 24639.10 |
| % from 52-week High | -1.09 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 31.80 |
| YTD High | 24639.10 |
| % from YTD High | -1.09 |
| YTD Low | 18489.91 |
| % from YTD Low | 31.80 |
| ATR (14) | 240.50 |
The DAX 40 index exhibits a bullish trend, as indicated by its current price above all major moving averages (MA20, MA50, MA200) and a positive MACD above its signal line. The index is approaching its 52-week and year-to-date highs, suggesting strong upward momentum. Immediate resistance is near the recent high of 24,639.1, with support around the 24,269.94 level. The RSI at 63.8 points to somewhat overbought conditions, potentially limiting short-term gains.
IBEX 35 Technical Analysis
The IBEX 35 is currently trading at 15563.4, showing a minimal daily change but maintaining a position close to its 52-week and year-to-date highs at 15668.3, indicating strong bullish momentum. The index is trading above all key moving averages (MA20 at 15321.98, MA50 at 15071.95, and MA200 at 13682.96), which underscores a solid uptrend across multiple time frames. The price is near the upper Bollinger Band at 15643.77, suggesting potential resistance or overbought conditions.
The Relative Strength Index (RSI) at 64.34 is in the upper range, supporting the presence of bullish momentum without immediate overbought concerns. The MACD at 150.46, above its signal line at 129.35, further confirms the bullish trend. The Average True Range (ATR) of 152.65 indicates moderate volatility. Overall, the technical indicators suggest continued bullishness, but caution is warranted near current resistance levels, with potential for short-term retracements or consolidation.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 15563.40 |
| Today’s Change (%) | 0.04 |
| 20-day MA | 15321.98 |
| % from 20-day MA | 1.58 |
| 50-day MA | 15071.95 |
| % from 50-day MA | 3.26 |
| 200-day MA | 13682.96 |
| % from 200-day MA | 13.74 |
| Bollinger Upper | 15643.77 |
| % from BB Upper | -0.51 |
| Bollinger Lower | 15000.19 |
| % from BB Lower | 3.75 |
| RSI (14) | 64.34 |
| MACD | 150.46 |
| MACD Signal | 129.35 |
| 3-day High | 15668.30 |
| % from 3-day High | -0.67 |
| 3-day Low | 15487.30 |
| % from 3-day Low | 0.49 |
| 52-week High | 15668.30 |
| % from 52-week High | -0.67 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 37.79 |
| YTD High | 15668.30 |
| % from YTD High | -0.67 |
| YTD Low | 11456.20 |
| % from YTD Low | 35.85 |
| ATR (14) | 152.65 |
The IBEX 35 exhibits a bullish trend, consistently trading above its major moving averages (MA20, MA50, MA200) with substantial year-to-date gains. The index is near its 52-week and YTD highs, suggesting strong upward momentum. Immediate resistance is at the recent high of 15668.3, with support around 15487.3. Market sentiment is positive, reflected by an RSI of 64.34, indicating bullish momentum but not yet overbought. MACD above its signal line further confirms the bullish outlook.
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