European Indices Mixed, FTSE 100 Outperforms
FTSE 100 Technical Analysis
The FTSE 100 is currently positioned near a critical resistance level, with a current price of 9420.0, slightly above the 20-day moving average (MA20) of 9407.4 and well above the 50-day (9294.61) and 200-day (8829.97) moving averages, indicating a bullish trend in the medium to long term. The index is trading between the middle and upper bands of its Bollinger Bands, suggesting some level of overbought condition, though not extreme.
The Relative Strength Index (RSI) at 55.2 points towards a neither overbought nor oversold condition, supporting a stable outlook in the short term. However, the Moving Average Convergence Divergence (MACD) at 41.81 below its signal line at 55.37 could indicate potential slowing momentum or a near-term pullback.
Key resistance and support levels are observed at the recent 3-day high of 9440.09 and low of 9276.9, respectively. The proximity to the 52-week high (9577.1) also suggests caution as the index approaches these higher levels. Overall, the technical setup favors bullish sentiments but advises vigilance near current levels due to potential consolidation or pullback signals from the MACD.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9420.00 |
| Today’s Change (%) | 0.17 |
| 20-day MA | 9407.40 |
| % from 20-day MA | 0.13 |
| 50-day MA | 9294.61 |
| % from 50-day MA | 1.35 |
| 200-day MA | 8829.97 |
| % from 200-day MA | 6.68 |
| Bollinger Upper | 9580.65 |
| % from BB Upper | -1.68 |
| Bollinger Lower | 9234.16 |
| % from BB Lower | 2.01 |
| RSI (14) | 55.20 |
| MACD | 41.81 |
| MACD Signal | 55.37 |
| 3-day High | 9440.09 |
| % from 3-day High | -0.21 |
| 3-day Low | 9276.90 |
| % from 3-day Low | 1.54 |
| 52-week High | 9577.10 |
| % from 52-week High | -1.64 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 24.85 |
| YTD High | 9577.10 |
| % from YTD High | -1.64 |
| YTD Low | 7544.80 |
| % from YTD Low | 24.85 |
| ATR (14) | 69.65 |
The FTSE 100 shows a bullish trend, currently trading above its 20-day, 50-day, and 200-day moving averages, indicating sustained upward momentum. The index is positioned between its middle Bollinger Band and near the upper resistance at 9580.65, with recent trading close to a 52-week high. The RSI at 55.2 suggests a neutral to slightly bullish sentiment without being overbought. Immediate support is around 9234.16, with resistance near the recent high of 9577.1. Market sentiment appears cautiously optimistic as it approaches resistance levels.
CAC 40 Technical Analysis
The CAC 40 index is currently exhibiting a bullish trend, as indicated by its position above all key moving averages (MA20 at 8002.64, MA50 at 7888.43, and MA200 at 7810.76), suggesting strong upward momentum. The index’s current price of 8211.5 is near the upper Bollinger Band (8250.63), hinting at potential resistance near the 52-week and YTD high of 8257.88. The RSI at 66.92 is approaching overbought territory, which could signal a near-term pullback if it crosses above 70. The MACD at 87.2 above its signal line at 66.08 supports the ongoing bullish sentiment. However, proximity to key resistance levels warrants caution for potential consolidation or reversal.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 8211.50 |
| Today’s Change (%) | 0.07 |
| 20-day MA | 8002.64 |
| % from 20-day MA | 2.61 |
| 50-day MA | 7888.43 |
| % from 50-day MA | 4.10 |
| 200-day MA | 7810.76 |
| % from 200-day MA | 5.13 |
| Bollinger Upper | 8250.63 |
| % from BB Upper | -0.47 |
| Bollinger Lower | 7754.66 |
| % from BB Lower | 5.89 |
| RSI (14) | 66.92 |
| MACD | 87.20 |
| MACD Signal | 66.08 |
| 3-day High | 8239.67 |
| % from 3-day High | -0.34 |
| 3-day Low | 8080.83 |
| % from 3-day Low | 1.62 |
| 52-week High | 8257.88 |
| % from 52-week High | -0.56 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 21.40 |
| YTD High | 8257.88 |
| % from YTD High | -0.56 |
| YTD Low | 6763.76 |
| % from YTD Low | 21.40 |
| ATR (14) | 99.73 |
The CAC 40 index exhibits a bullish trend, currently trading above all key moving averages (MA20, MA50, MA200) and near its 52-week and year-to-date highs. The index is slightly below the upper Bollinger Band, indicating potential resistance around 8250.63, with immediate support near the 3-day low of 8080.83. The RSI at 66.92 suggests a moderately overbought condition, while the positive MACD above its signal line supports ongoing bullish momentum. Immediate market sentiment appears optimistic, with potential for further gains if resistance is breached.
DAX 40 Technical Analysis
The DAX 40 index is currently positioned at 24225.16, showing a slight decrease of 0.14 today. It trades above all key moving averages (MA20 at 24154.46, MA50 at 24000.68, and MA200 at 23162.96), indicating a bullish trend in the medium to long term. The index is also between the middle and upper bands of its Bollinger Bands, suggesting moderate volatility.
The Relative Strength Index (RSI) at 52.9 points to neither overbought nor oversold conditions, supporting a stable market sentiment. However, the Moving Average Convergence Divergence (MACD) at 88.1, below its signal line at 109.39, indicates a potential slowdown in bullish momentum.
Key resistance is near the recent 52-week high at 24771.34, while support is forming around the MA200 level. The slight underperformance relative to the upper Bollinger Band and the 52-week high suggests cautiousness among investors as the index approaches these higher levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24225.16 |
| Today’s Change (%) | -0.14 |
| 20-day MA | 24154.46 |
| % from 20-day MA | 0.29 |
| 50-day MA | 24000.68 |
| % from 50-day MA | 0.94 |
| 200-day MA | 23162.96 |
| % from 200-day MA | 4.59 |
| Bollinger Upper | 24766.44 |
| % from BB Upper | -2.19 |
| Bollinger Lower | 23542.48 |
| % from BB Lower | 2.90 |
| RSI (14) | 52.90 |
| MACD | 88.10 |
| MACD Signal | 109.39 |
| 3-day High | 24310.44 |
| % from 3-day High | -0.35 |
| 3-day Low | 23684.37 |
| % from 3-day Low | 2.28 |
| 52-week High | 24771.34 |
| % from 52-week High | -2.20 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 31.02 |
| YTD High | 24771.34 |
| % from YTD High | -2.20 |
| YTD Low | 18489.91 |
| % from YTD Low | 31.02 |
| ATR (14) | 276.53 |
The DAX 40 index exhibits a mildly bullish trend, trading above its key moving averages (MA20, MA50, MA200), indicating sustained upward momentum. Current resistance is near the recent 52-week high at 24,771.34, with support around the 20-day moving average of 24,154.46. The MACD below its signal line suggests some caution, while the RSI at 52.9 points to a neutral sentiment. Immediate market sentiment is cautiously optimistic, with potential for further gains if it breaches recent highs.
IBEX 35 Technical Analysis
The IBEX 35 index is currently showing bullish signals, trading at 15836.4, which is close to its 52-week and year-to-date high of 15893.9. The index is positioned above all key moving averages (MA20 at 15527.16, MA50 at 15288.91, and MA200 at 13880.61), indicating a strong upward trend. The price is near the upper Bollinger Band (15865.98), suggesting it might be approaching overbought territory.
The Relative Strength Index (RSI) at 67.45 is nearing the overbought threshold of 70, supporting this view. The Moving Average Convergence Divergence (MACD) at 151.62 above its signal line at 139.8 further confirms the current bullish momentum. However, the proximity to the upper Bollinger Band and high RSI may signal potential for a pullback or consolidation in the near term.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 15836.40 |
| Today’s Change (%) | 0.05 |
| 20-day MA | 15527.16 |
| % from 20-day MA | 1.99 |
| 50-day MA | 15288.91 |
| % from 50-day MA | 3.58 |
| 200-day MA | 13880.61 |
| % from 200-day MA | 14.09 |
| Bollinger Upper | 15865.98 |
| % from BB Upper | -0.19 |
| Bollinger Lower | 15188.35 |
| % from BB Lower | 4.27 |
| RSI (14) | 67.45 |
| MACD | 151.62 |
| MACD Signal | 139.80 |
| 3-day High | 15893.90 |
| % from 3-day High | -0.36 |
| 3-day Low | 15409.30 |
| % from 3-day Low | 2.77 |
| 52-week High | 15893.90 |
| % from 52-week High | -0.36 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 40.21 |
| YTD High | 15893.90 |
| % from YTD High | -0.36 |
| YTD Low | 11456.20 |
| % from YTD Low | 38.23 |
| ATR (14) | 169.46 |
The IBEX 35 exhibits a bullish trend, currently trading near its 52-week and year-to-date highs at 15893.9, indicating strong upward momentum. The index is well above its key moving averages (MA20, MA50, MA200), supporting this bullish outlook. Key resistance is at the recent high of 15893.9, with immediate support around 15409.3. Market sentiment is positive, reflected by a high RSI of 67.45 and MACD above its signal line, suggesting continued upward movement in the near term.
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