European Indices Mixed, IBEX 35 Outperforms
Euro Stoxx 50 Technical Analysis
The Euro Stoxx 50 index is currently trading at 5644.44, slightly below its recent 52-week and year-to-date high of 5674.55, indicating a minor retracement of 0.53%. The index is well above its key moving averages (MA20 at 5460.00, MA50 at 5406.28, and MA200 at 5294.09), suggesting a strong bullish trend. The relative strength index (RSI) at 73.03 indicates the market is approaching overbought conditions, which could signal a potential pullback or consolidation in the near term.
The Moving Average Convergence Divergence (MACD) value at 58.42, above its signal line at 36.38, supports the bullish momentum. However, the proximity of the current price to the upper Bollinger Band (5631.17) also aligns with the potential for short-term price volatility or a slight correction. The Average True Range (ATR) at 52.93 points to moderate daily price movements. Overall, the technical setup favors bullish sentiment but advises caution due to signs of possible overextension.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 5644.44 |
| Today’s Change (%) | -0.02 |
| 20-day MA | 5460.00 |
| % from 20-day MA | 3.38 |
| 50-day MA | 5406.28 |
| % from 50-day MA | 4.41 |
| 200-day MA | 5294.09 |
| % from 200-day MA | 6.62 |
| Bollinger Upper | 5631.17 |
| % from BB Upper | 0.24 |
| Bollinger Lower | 5288.83 |
| % from BB Lower | 6.72 |
| RSI (14) | 73.03 |
| MACD | 58.42 |
| MACD Signal | 36.38 |
| 3-day High | 5674.55 |
| % from 3-day High | -0.53 |
| 3-day Low | 5503.99 |
| % from 3-day Low | 2.55 |
| 52-week High | 5674.55 |
| % from 52-week High | -0.53 |
| 52-week Low | 4540.22 |
| % from 52-week Low | 24.32 |
| YTD High | 5674.55 |
| % from YTD High | -0.53 |
| YTD Low | 4540.22 |
| % from YTD Low | 24.32 |
| ATR (14) | 52.93 |
The Euro Stoxx 50 index exhibits a bullish trend, currently trading above its key moving averages (MA20, MA50, MA200), indicating strong upward momentum. The index is near its 52-week and YTD highs, suggesting a potential resistance around 5674.55. The RSI at 73.03 points to overbought conditions, which might prompt a short-term pullback. Immediate support is seen at the lower Bollinger band (5288.83). Market sentiment is positive, supported by a bullish MACD above its signal line.
FTSE 100 Technical Analysis
The FTSE 100 index is currently exhibiting bullish signals, trading at 9471.33, which is above all key moving averages (MA20 at 9279.55, MA50 at 9215.3, and MA200 at 8753.22), indicating a strong upward trend. The index is also positioned just above the upper Bollinger Band (9440.7), suggesting it might be extending into overbought territory, as supported by a high RSI of 71.64. The MACD value at 59.74, significantly above its signal line at 38.51, further confirms the bullish momentum. However, proximity to the 52-week and YTD high at 9494.64 could act as a resistance level, potentially leading to consolidation or a pullback if upward momentum does not sustain.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9471.33 |
| Today’s Change (%) | 0.46 |
| 20-day MA | 9279.55 |
| % from 20-day MA | 2.07 |
| 50-day MA | 9215.30 |
| % from 50-day MA | 2.78 |
| 200-day MA | 8753.22 |
| % from 200-day MA | 8.20 |
| Bollinger Upper | 9440.70 |
| % from BB Upper | 0.32 |
| Bollinger Lower | 9118.39 |
| % from BB Lower | 3.87 |
| RSI (14) | 71.64 |
| MACD | 59.74 |
| MACD Signal | 38.51 |
| 3-day High | 9494.64 |
| % from 3-day High | -0.25 |
| 3-day Low | 9347.60 |
| % from 3-day Low | 1.32 |
| 52-week High | 9494.64 |
| % from 52-week High | -0.25 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 25.53 |
| YTD High | 9494.64 |
| % from YTD High | -0.25 |
| YTD Low | 7544.80 |
| % from YTD Low | 25.53 |
| ATR (14) | 66.38 |
The FTSE 100 exhibits a bullish trend, trading above its key moving averages (MA20, MA50, MA200) and near its 52-week high. The index has recently breached the upper Bollinger Band, suggesting strong upward momentum. The RSI at 71.64 indicates overbought conditions, which could prompt a brief pullback. Immediate support is around 9440.7, with resistance near the recent high of 9494.64. Market sentiment is positive, supported by a rising MACD above its signal line.
CAC 40 Technical Analysis
The CAC 40 index is currently trading at 8045.2, showing a slight decline of 0.14% today. It is positioned above all key moving averages (MA20 at 7857.3, MA50 at 7806.77, and MA200 at 7769.36), indicating a strong bullish trend. The index is also trading above the middle Bollinger Band (7857.3) but slightly below the upper Bollinger Band (8025.25), suggesting some resistance near the upper band level.
The RSI at 66.48 points to a somewhat overbought condition but not excessively so, supporting the potential for continued upward momentum. The MACD at 54.42, significantly above its signal line at 30.94, further confirms the bullish momentum.
Overall, the CAC 40 shows robust upward movement with potential resistance near the recent 3-day high of 8097.24 and the 52-week high of 8257.88. The index’s performance above major moving averages and positive MACD divergence supports a continued bullish outlook, albeit with caution near overbought levels indicated by RSI.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 8045.20 |
| Today’s Change (%) | -0.14 |
| 20-day MA | 7857.30 |
| % from 20-day MA | 2.39 |
| 50-day MA | 7806.77 |
| % from 50-day MA | 3.05 |
| 200-day MA | 7769.36 |
| % from 200-day MA | 3.55 |
| Bollinger Upper | 8025.25 |
| % from BB Upper | 0.25 |
| Bollinger Lower | 7689.34 |
| % from BB Lower | 4.63 |
| RSI (14) | 66.48 |
| MACD | 54.42 |
| MACD Signal | 30.94 |
| 3-day High | 8097.24 |
| % from 3-day High | -0.64 |
| 3-day Low | 7865.40 |
| % from 3-day Low | 2.29 |
| 52-week High | 8257.88 |
| % from 52-week High | -2.58 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 18.95 |
| YTD High | 8257.88 |
| % from YTD High | -2.58 |
| YTD Low | 6763.76 |
| % from YTD Low | 18.95 |
| ATR (14) | 79.63 |
The CAC 40 index exhibits a bullish trend, currently positioned above its key moving averages (MA20, MA50, MA200) and near the upper Bollinger Band, suggesting upward momentum. The index’s RSI at 66.48 indicates strong buying interest, though nearing overbought territory. MACD above its signal line further supports bullish sentiment. Immediate resistance is at the recent 3-day high of 8097.24, with support around the 3-day low of 7865.4. Market sentiment remains positive, with potential for continued upward movement unless key support levels are breached.
DAX 40 Technical Analysis
The DAX 40 index is currently trading at 24365.06, showing a slight decline of 0.24% today. It is positioned above all key moving averages (MA20 at 23745.9, MA50 at 23926.88, and MA200 at 22909.73), indicating a strong bullish trend over short, medium, and long-term periods. The index is also trading above the middle Bollinger Band (23745.9) but slightly below the upper Bollinger Band (24288.56), suggesting some resistance near recent highs.
The Relative Strength Index (RSI) at 63.7 points towards bullish momentum, although it is approaching overbought territory. The MACD value of 73.3 significantly above its signal line (-33.09) further confirms the bullish momentum.
Key resistance is near the 52-week and year-to-date high at 24639.1, with support around the lower Bollinger Band at 23203.24. The index’s performance relative to its recent highs and lows indicates continued investor confidence, but caution near resistance levels might be advisable.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24365.06 |
| Today’s Change (%) | -0.24 |
| 20-day MA | 23745.90 |
| % from 20-day MA | 2.61 |
| 50-day MA | 23926.88 |
| % from 50-day MA | 1.83 |
| 200-day MA | 22909.73 |
| % from 200-day MA | 6.35 |
| Bollinger Upper | 24288.56 |
| % from BB Upper | 0.31 |
| Bollinger Lower | 23203.24 |
| % from BB Lower | 5.01 |
| RSI (14) | 63.70 |
| MACD | 73.30 |
| MACD Signal | -33.09 |
| 3-day High | 24524.11 |
| % from 3-day High | -0.65 |
| 3-day Low | 23753.08 |
| % from 3-day Low | 2.58 |
| 52-week High | 24639.10 |
| % from 52-week High | -1.11 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 31.77 |
| YTD High | 24639.10 |
| % from YTD High | -1.11 |
| YTD Low | 18489.91 |
| % from YTD Low | 31.77 |
| ATR (14) | 252.91 |
The DAX 40 exhibits a bullish trend, as indicated by its current price above all key moving averages (MA20, MA50, MA200) and near its 52-week high. The index is slightly above the upper Bollinger Band, suggesting potential overextension. RSI at 63.7 points towards a moderately overbought condition, but not excessively so. Immediate support and resistance are observed around the 3-day low of 23753.08 and the 52-week high of 24639.1, respectively. Market sentiment appears positive, supported by a strong MACD above its signal line.
IBEX 35 Technical Analysis
The IBEX 35 index is currently exhibiting bullish signals, trading at 15608.7, slightly above its upper Bollinger Band (15600.48) and significantly above all key moving averages (MA20 at 15268.46, MA50 at 15021.38, and MA200 at 13642.0). This positioning indicates a strong upward trend. The index’s proximity to its 52-week and year-to-date highs (15668.3) suggests potential resistance near these levels.
The Relative Strength Index (RSI) at 66.28 is approaching overbought territory, which could signal a near-term pullback or consolidation. The Moving Average Convergence Divergence (MACD) value of 145.04, above its signal line (118.49), supports the ongoing bullish momentum. However, traders should watch for any crossover below the signal line as a potential bearish reversal indicator. The Average True Range (ATR) of 158.37 points to continued volatility. Overall, the index’s current setup favors bullish scenarios but warrants caution near resistance levels and overbought conditions.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 15608.70 |
| Today’s Change (%) | 0.73 |
| 20-day MA | 15268.46 |
| % from 20-day MA | 2.23 |
| 50-day MA | 15021.38 |
| % from 50-day MA | 3.91 |
| 200-day MA | 13642.00 |
| % from 200-day MA | 14.42 |
| Bollinger Upper | 15600.48 |
| % from BB Upper | 0.05 |
| Bollinger Lower | 14936.44 |
| % from BB Lower | 4.50 |
| RSI (14) | 66.28 |
| MACD | 145.04 |
| MACD Signal | 118.49 |
| 3-day High | 15668.30 |
| % from 3-day High | -0.38 |
| 3-day Low | 15358.40 |
| % from 3-day Low | 1.63 |
| 52-week High | 15668.30 |
| % from 52-week High | -0.38 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 38.19 |
| YTD High | 15668.30 |
| % from YTD High | -0.38 |
| YTD Low | 11456.20 |
| % from YTD Low | 36.25 |
| ATR (14) | 158.37 |
The IBEX 35 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 has recently breached the upper Bollinger Band, suggesting strong upward momentum. The RSI at 66.28 indicates a slightly overbought condition but not excessively so. Immediate resistance is at the recent high of 15668.3, with support around the 3-day low of 15358.4. Market sentiment appears positive, supported by a bullish MACD above its signal line.
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