European Indices Rise, CAC 40 Leads with Strong Gains
Euro Stoxx 50 Technical Analysis
The Euro Stoxx 50 index is currently positioned positively, trading at 5635.65, which is above all key moving averages (MA20 at 5547.95, MA50 at 5451.78, and MA200 at 5321.27), indicating a strong bullish trend over short, medium, and long-term periods. The index is nearing its upper Bollinger Band at 5697.79, suggesting potential resistance near this level, while the lower band at 5398.12 offers substantial support.
The Relative Strength Index (RSI) at 61.76 points to slightly overbought conditions but remains below the typical overbought threshold of 70, allowing room for upward movement. The Moving Average Convergence Divergence (MACD) at 49.61 is slightly below its signal line at 52.1, indicating a potential slowdown in momentum or a consolidation phase.
Overall, the index shows strong upward momentum but approaches significant resistance levels, suggesting cautious optimism for further gains.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 5635.65 |
| Today’s Change (%) | 1.51 |
| 20-day MA | 5547.95 |
| % from 20-day MA | 1.58 |
| 50-day MA | 5451.78 |
| % from 50-day MA | 3.37 |
| 200-day MA | 5321.27 |
| % from 200-day MA | 5.91 |
| Bollinger Upper | 5697.79 |
| % from BB Upper | -1.09 |
| Bollinger Lower | 5398.12 |
| % from BB Lower | 4.40 |
| RSI (14) | 61.76 |
| MACD | 49.61 |
| MACD Signal | 52.10 |
| 3-day High | 5636.87 |
| % from 3-day High | -0.02 |
| 3-day Low | 5487.67 |
| % from 3-day Low | 2.70 |
| 52-week High | 5674.55 |
| % from 52-week High | -0.69 |
| 52-week Low | 4540.22 |
| % from 52-week Low | 24.13 |
| YTD High | 5674.55 |
| % from YTD High | -0.69 |
| YTD Low | 4540.22 |
| % from YTD Low | 24.13 |
| ATR (14) | 59.99 |
The Euro Stoxx 50 index exhibits a bullish trend, as indicated by its current price above all major moving averages (MA20, MA50, MA200) and a positive RSI of 61.76 suggesting upward momentum. The index is approaching its 52-week and YTD highs, with immediate resistance near the upper Bollinger Band at 5697.79 and support around the MA20 at 5547.95. Market sentiment appears positive, with the index maintaining a steady climb and nearing breakout levels.
FTSE 100 Technical Analysis
The FTSE 100 is currently trading at 9437.44, slightly below its 3-day high of 9474.31 and above its 20-day moving average (MA20) of 9372.06, indicating a short-term bullish trend. The index is also above its 50-day (9272.38) and 200-day (8806.86) moving averages, suggesting a strong longer-term uptrend. The Relative Strength Index (RSI) at 58.68 points to neither overbought nor oversold conditions, supporting steady momentum.
The Moving Average Convergence Divergence (MACD) at 65.42, slightly below its signal line at 66.86, suggests a potential slowdown in upward momentum. The Bollinger Bands show the index near the middle band (9372.06), with current price action between the upper (9598.76) and lower (9145.36) bands, indicating moderate volatility.
Overall, the FTSE 100 shows bullish signals with stable momentum, but caution is warranted near key resistance levels, particularly around the 52-week high of 9577.1.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9437.44 |
| Today’s Change (%) | -0.16 |
| 20-day MA | 9372.06 |
| % from 20-day MA | 0.70 |
| 50-day MA | 9272.38 |
| % from 50-day MA | 1.78 |
| 200-day MA | 8806.86 |
| % from 200-day MA | 7.16 |
| Bollinger Upper | 9598.76 |
| % from BB Upper | -1.68 |
| Bollinger Lower | 9145.36 |
| % from BB Lower | 3.19 |
| RSI (14) | 58.68 |
| MACD | 65.42 |
| MACD Signal | 66.86 |
| 3-day High | 9474.31 |
| % from 3-day High | -0.39 |
| 3-day Low | 9384.20 |
| % from 3-day Low | 0.57 |
| 52-week High | 9577.10 |
| % from 52-week High | -1.46 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 25.09 |
| YTD High | 9577.10 |
| % from YTD High | -1.46 |
| YTD Low | 7544.80 |
| % from YTD Low | 25.09 |
| ATR (14) | 64.92 |
The FTSE 100 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 YTD highs, with current resistance near 9577.1 and support around 9384.2. Market sentiment is positive, reflected by an RSI of 58.68, suggesting moderate bullish momentum without being overbought. The MACD slightly below its signal line indicates potential consolidation or minor pullbacks before further gains. Immediate focus should be on maintaining above the MA20 and testing resistance levels.
CAC 40 Technical Analysis
The CAC 40 index is currently exhibiting bullish signals, trading at 8124.14, slightly above its upper Bollinger Band (BB) limit of 8121.51, indicating potential overbought conditions. The index has surpassed its 20-day (7936.5), 50-day (7851.85), and 200-day (7796.49) moving averages, reinforcing a strong upward trend. The moving averages’ ascending order further supports this bullish outlook.
The Relative Strength Index (RSI) at 63.41 suggests the market is approaching overbought territory but remains below the typical threshold of 70. The MACD value at 53.36, above its signal line at 49.5, confirms the momentum is still in favor of the bulls.
The index’s proximity to its recent 3-day high of 8127.15 and a year-to-date high of 8257.88 points to potential resistance near these levels. The Average True Range (ATR) of 100.83 indicates moderate volatility. Overall, the CAC 40’s current positioning and momentum indicators suggest continued bullish behavior, though caution near resistance levels and potential overbought conditions is advised.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 8124.14 |
| Today’s Change (%) | 2.58 |
| 20-day MA | 7936.50 |
| % from 20-day MA | 2.36 |
| 50-day MA | 7851.85 |
| % from 50-day MA | 3.47 |
| 200-day MA | 7796.49 |
| % from 200-day MA | 4.20 |
| Bollinger Upper | 8121.51 |
| % from BB Upper | 0.03 |
| Bollinger Lower | 7751.48 |
| % from BB Lower | 4.81 |
| RSI (14) | 63.41 |
| MACD | 53.36 |
| MACD Signal | 49.50 |
| 3-day High | 8127.15 |
| % from 3-day High | -0.04 |
| 3-day Low | 7825.97 |
| % from 3-day Low | 3.81 |
| 52-week High | 8257.88 |
| % from 52-week High | -1.62 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 20.11 |
| YTD High | 8257.88 |
| % from YTD High | -1.62 |
| YTD Low | 6763.76 |
| % from YTD Low | 20.11 |
| ATR (14) | 100.83 |
The CAC 40 index exhibits a bullish trend, currently trading above its key moving averages (MA20, MA50, MA200) and near its upper Bollinger Band. The index is slightly below its 52-week and year-to-date highs, suggesting potential resistance near 8257.88. Immediate support is around the lower Bollinger Band at 7751.48. Market sentiment is positive, underscored by a healthy RSI of 63.41 and a MACD above its signal line, indicating upward momentum. The index’s proximity to recent highs could test breakout or retracement soon.
DAX 40 Technical Analysis
The DAX 40 index is currently positioned positively, trading at 24,313.08, which is above its key moving averages (MA20 at 24,054.3, MA50 at 24,000.8, and MA200 at 23,086.71), indicating a bullish trend in the medium to long term. The index is also trading above the middle Bollinger Band (24,054.3) but below the upper band (24,795.42), suggesting some resistance near the upper band level.
The Relative Strength Index (RSI) at 56.2 points to a neither overbought nor oversold condition, supporting a stable price momentum. The Moving Average Convergence Divergence (MACD) at 153.52, above its signal line at 127.37, provides a bullish signal, indicating that the upward momentum might continue.
Key resistance is observed near the recent 52-week high at 24,771.34, while support is found around the lower Bollinger Band at 23,313.19. The index’s performance relative to its moving averages and Bollinger Bands, combined with the RSI and MACD indications, suggests a cautiously optimistic outlook with potential for further gains if it sustains above current levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24313.08 |
| Today’s Change (%) | 0.31 |
| 20-day MA | 24054.30 |
| % from 20-day MA | 1.08 |
| 50-day MA | 24000.80 |
| % from 50-day MA | 1.30 |
| 200-day MA | 23086.71 |
| % from 200-day MA | 5.31 |
| Bollinger Upper | 24795.42 |
| % from BB Upper | -1.95 |
| Bollinger Lower | 23313.19 |
| % from BB Lower | 4.29 |
| RSI (14) | 56.20 |
| MACD | 153.52 |
| MACD Signal | 127.37 |
| 3-day High | 24448.77 |
| % from 3-day High | -0.55 |
| 3-day Low | 23986.93 |
| % from 3-day Low | 1.36 |
| 52-week High | 24771.34 |
| % from 52-week High | -1.85 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 31.49 |
| YTD High | 24771.34 |
| % from YTD High | -1.85 |
| YTD Low | 18489.91 |
| % from YTD Low | 31.49 |
| ATR (14) | 250.07 |
The DAX 40 exhibits a bullish trend, currently trading above its 20-day, 50-day, and 200-day moving averages, indicating sustained upward momentum. The index is near its 52-week and year-to-date highs, suggesting strong performance. Immediate resistance is at the Bollinger Band upper limit of 24795.42, with support around the 23313.19 lower limit. Market sentiment is positive, reinforced by a healthy RSI of 56.2 and a bullish MACD above its signal. The trend suggests potential for continued gains if it breaches current resistance levels.
IBEX 35 Technical Analysis
The IBEX 35 index is currently exhibiting bullish momentum, as indicated by its position above all key moving averages (MA20 at 15422.61, MA50 at 15218.17, and MA200 at 13803.36), suggesting a strong upward trend. The index’s current price of 15714.0 is near the upper Bollinger Band (15799.74), hinting at potential overbought conditions but still within a normal range. The RSI at 64.61 supports this, showing momentum but not yet in the overbought territory (>70). The MACD value of 144.0 above its signal line (140.33) further confirms the bullish trend. However, proximity to the 52-week and YTD highs (15732.7) suggests caution as the index approaches significant resistance levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 15714.00 |
| Today’s Change (%) | 0.82 |
| 20-day MA | 15422.61 |
| % from 20-day MA | 1.89 |
| 50-day MA | 15218.17 |
| % from 50-day MA | 3.26 |
| 200-day MA | 13803.36 |
| % from 200-day MA | 13.84 |
| Bollinger Upper | 15799.74 |
| % from BB Upper | -0.54 |
| Bollinger Lower | 15045.48 |
| % from BB Lower | 4.44 |
| RSI (14) | 64.61 |
| MACD | 144.00 |
| MACD Signal | 140.33 |
| 3-day High | 15719.60 |
| % from 3-day High | -0.04 |
| 3-day Low | 15433.90 |
| % from 3-day Low | 1.81 |
| 52-week High | 15732.70 |
| % from 52-week High | -0.12 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 39.12 |
| YTD High | 15732.70 |
| % from YTD High | -0.12 |
| YTD Low | 11456.20 |
| % from YTD Low | 37.17 |
| ATR (14) | 158.50 |
The IBEX 35 is currently exhibiting a bullish trend, as indicated by its position above all key moving averages (MA20, MA50, MA200) and its proximity to the 52-week and YTD highs. The index is trading near the upper Bollinger Band, suggesting strong upward momentum. Immediate resistance is at the 52-week high of 15732.7, with support around the MA20 at 15422.61. Market sentiment is positive, underscored by a healthy RSI of 64.61 and a MACD above its signal line.
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