European Indices Rise, DAX 40 Leads Gains
Euro Stoxx 50 Technical Analysis
The Euro Stoxx 50 index is currently positioned at 5691.64, showing a slight increase of 0.52% today. It is trading above all key moving averages (MA20 at 5646.44, MA50 at 5518.76, and MA200 at 5365.78), indicating a bullish trend in the medium to long term. The index is also positioned between the middle and upper bands of the Bollinger Bands, with the upper band at 5749.73 suggesting a near-term resistance level.
The Relative Strength Index (RSI) at 59.47 is below the overbought threshold, supporting potential for further upside without immediate overbought concerns. However, the Moving Average Convergence Divergence (MACD) at 47.78 is below its signal line at 51.8, hinting at some bearish momentum in the short term.
Overall, the index shows strength but faces resistance near its 52-week and year-to-date highs around 5734.28. The Average True Range (ATR) at 52.23 points to moderate daily volatility. Investors should watch for a potential breakout above the upper Bollinger Band and the 52-week high for confirmation of continued bullish momentum.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 5691.64 |
| Today’s Change (%) | 0.52 |
| 20-day MA | 5646.44 |
| % from 20-day MA | 0.80 |
| 50-day MA | 5518.76 |
| % from 50-day MA | 3.13 |
| 200-day MA | 5365.78 |
| % from 200-day MA | 6.07 |
| Bollinger Upper | 5749.73 |
| % from BB Upper | -1.01 |
| Bollinger Lower | 5543.15 |
| % from BB Lower | 2.68 |
| RSI (14) | 59.47 |
| MACD | 47.78 |
| MACD Signal | 51.80 |
| 3-day High | 5716.02 |
| % from 3-day High | -0.43 |
| 3-day Low | 5654.30 |
| % from 3-day Low | 0.66 |
| 52-week High | 5734.28 |
| % from 52-week High | -0.74 |
| 52-week Low | 4540.22 |
| % from 52-week Low | 25.36 |
| YTD High | 5734.28 |
| % from YTD High | -0.74 |
| YTD Low | 4540.22 |
| % from YTD Low | 25.36 |
| ATR (14) | 52.23 |
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 5734.28. Support is established around the MA20 at 5646.44. Market sentiment appears positive, supported by a moderate RSI of 59.47, suggesting the market is neither overbought nor oversold. Immediate fluctuations may occur, but the overall outlook remains optimistic.
FTSE 100 Technical Analysis
The FTSE 100 index is currently trading at 9723.38, showing a slight increase of 0.06 today. It is positioned above all key moving averages (MA20 at 9547.89, MA50 at 9377.79, and MA200 at 8890.42), indicating a strong bullish trend. The index is approaching its upper Bollinger Band at 9806.13, suggesting potential resistance near this level. The Relative Strength Index (RSI) at 70.46 is nearing overbought territory, which could signal a pullback if it crosses above 70. The Moving Average Convergence Divergence (MACD) at 105.25 above its signal line at 87.35 supports the ongoing upward momentum. However, proximity to the 52-week high at 9787.6 might limit further immediate gains.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 9723.38 |
| Today’s Change (%) | 0.06 |
| 20-day MA | 9547.89 |
| % from 20-day MA | 1.84 |
| 50-day MA | 9377.79 |
| % from 50-day MA | 3.69 |
| 200-day MA | 8890.42 |
| % from 200-day MA | 9.37 |
| Bollinger Upper | 9806.13 |
| % from BB Upper | -0.84 |
| Bollinger Lower | 9289.65 |
| % from BB Lower | 4.67 |
| RSI (14) | 70.46 |
| MACD | 105.25 |
| MACD Signal | 87.35 |
| 3-day High | 9763.40 |
| % from 3-day High | -0.41 |
| 3-day Low | 9690.00 |
| % from 3-day Low | 0.34 |
| 52-week High | 9787.60 |
| % from 52-week High | -0.66 |
| 52-week Low | 7544.80 |
| % from 52-week Low | 28.88 |
| YTD High | 9787.60 |
| % from YTD High | -0.66 |
| YTD Low | 7544.80 |
| % from YTD Low | 28.88 |
| ATR (14) | 70.49 |
The FTSE 100 shows a bullish trend, currently trading above its 20-day, 50-day, and 200-day moving averages, indicating strong upward momentum. The index is approaching its 52-week and year-to-date highs, with minor resistance near the 9787.6 level. The RSI at 70.46 suggests the market is nearing overbought conditions, potentially limiting short-term gains. Immediate support is around 9690.0, with resistance just above current levels at 9806.13. Market sentiment appears positive, supported by a bullish MACD above its signal line.
CAC 40 Technical Analysis
The CAC 40 index is currently trading at 8129.25, showing a marginal daily increase. It is positioned just above its 20-day moving average (MA20) of 8123.77, indicating a potential support level. The index is also above its 50-day (7940.11) and 200-day (7837.49) moving averages, suggesting a longer-term bullish trend.
The Relative Strength Index (RSI) at 54.26 points to a neutral market sentiment, neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) value of 65.51, below its signal line at 80.38, suggests a bearish momentum in the short term.
The Bollinger Bands show the index near the middle band (8123.77), with a slight distance from the upper band at 8344.51, indicating room for upward movement. However, the proximity to the 3-day high of 8206.84 and the 52-week high of 8271.48 could act as resistance levels.
Overall, the CAC 40 exhibits a stable upward trend with potential short-term bearish signals, warranting cautious optimism.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 8129.25 |
| Today’s Change (%) | 0.10 |
| 20-day MA | 8123.77 |
| % from 20-day MA | 0.07 |
| 50-day MA | 7940.11 |
| % from 50-day MA | 2.38 |
| 200-day MA | 7837.49 |
| % from 200-day MA | 3.72 |
| Bollinger Upper | 8344.51 |
| % from BB Upper | -2.58 |
| Bollinger Lower | 7903.03 |
| % from BB Lower | 2.86 |
| RSI (14) | 54.26 |
| MACD | 65.51 |
| MACD Signal | 80.38 |
| 3-day High | 8206.84 |
| % from 3-day High | -0.95 |
| 3-day Low | 8097.35 |
| % from 3-day Low | 0.39 |
| 52-week High | 8271.48 |
| % from 52-week High | -1.72 |
| 52-week Low | 6763.76 |
| % from 52-week Low | 20.19 |
| YTD High | 8271.48 |
| % from YTD High | -1.72 |
| YTD Low | 6763.76 |
| % from YTD Low | 20.19 |
| ATR (14) | 81.87 |
The CAC 40 index exhibits a slightly bullish trend, hovering just above its 20-day moving average and significantly above its 50-day and 200-day averages, indicating mid to long-term bullish sentiment. The index is trading close to its upper Bollinger band and year-to-date high, suggesting potential resistance near 8271.48. Immediate support is around 8097.35. The RSI at 54.26 shows neither overbought nor oversold conditions, supporting a stable outlook. MACD above its signal line also confirms bullish momentum, albeit with caution as it’s decreasing.
DAX 40 Technical Analysis
The DAX 40 index is currently trading at 24165.72, showing a slight increase of 0.87 points today. The index is positioned below its 20-day moving average (MA20) of 24244.36 but above both its 50-day (MA50) at 23976.51 and 200-day (MA200) at 23321.06 moving averages, indicating a generally bullish medium to long-term trend despite recent short-term bearishness.
The Relative Strength Index (RSI) at 50.85 suggests a neutral market momentum, while the Moving Average Convergence Divergence (MACD) at 25.01, below its signal line at 58.46, indicates a potential bearish reversal or consolidation in the short term.
Price levels to watch include the recent 3-day high at 24215.3 and the lower Bollinger Band at 23893.23, which could act as support. The index’s performance relative to its Bollinger Bands shows it is currently near the middle band, suggesting no significant overbought or oversold condition.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24165.72 |
| Today’s Change (%) | 0.87 |
| 20-day MA | 24244.36 |
| % from 20-day MA | -0.32 |
| 50-day MA | 23976.51 |
| % from 50-day MA | 0.79 |
| 200-day MA | 23321.06 |
| % from 200-day MA | 3.62 |
| Bollinger Upper | 24595.49 |
| % from BB Upper | -1.75 |
| Bollinger Lower | 23893.23 |
| % from BB Lower | 1.14 |
| RSI (14) | 50.85 |
| MACD | 25.01 |
| MACD Signal | 58.46 |
| 3-day High | 24215.30 |
| % from 3-day High | -0.20 |
| 3-day Low | 23922.95 |
| % from 3-day Low | 1.01 |
| 52-week High | 24771.34 |
| % from 52-week High | -2.44 |
| 52-week Low | 18489.91 |
| % from 52-week Low | 30.70 |
| YTD High | 24771.34 |
| % from YTD High | -2.44 |
| YTD Low | 18489.91 |
| % from YTD Low | 30.70 |
| ATR (14) | 236.54 |
The DAX 40 exhibits a neutral to slightly bullish trend, hovering near its 20-day moving average (MA20) and above its 50-day and 200-day averages, indicating some underlying strength. Immediate resistance is seen at the upper Bollinger band (24,595.49), with support near the lower band (23,893.23). The RSI at 50.85 suggests a balanced momentum, while the MACD below its signal line indicates caution. Market sentiment is cautiously optimistic, with the index showing resilience above significant yearly lows.
IBEX 35 Technical Analysis
The IBEX 35 index is currently exhibiting a bullish trend, as evidenced by its current price of 16088.9, which is above all key moving averages (MA20 at 15782.08, MA50 at 15417.87, and MA200 at 14066.59). This positioning indicates sustained upward momentum over short, medium, and long-term periods. The index is approaching its upper Bollinger Band at 16208.41 and is near its 52-week and year-to-date highs around 16210.5, suggesting potential resistance nearby.
The Relative Strength Index (RSI) at 68.87 is approaching overbought territory, which could signal a possible pullback or consolidation in the near term. The Moving Average Convergence Divergence (MACD) at 196.08, above its signal line at 180.0, supports the current bullish momentum but warrants caution for potential overextension. The Average True Range (ATR) of 168.66 indicates moderate volatility. Overall, the technical setup favors bullish positions but advises vigilance near critical resistance levels.
Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 16088.90 |
| Today’s Change (%) | 0.35 |
| 20-day MA | 15782.08 |
| % from 20-day MA | 1.94 |
| 50-day MA | 15417.87 |
| % from 50-day MA | 4.35 |
| 200-day MA | 14066.59 |
| % from 200-day MA | 14.38 |
| Bollinger Upper | 16208.41 |
| % from BB Upper | -0.74 |
| Bollinger Lower | 15355.75 |
| % from BB Lower | 4.77 |
| RSI (14) | 68.87 |
| MACD | 196.08 |
| MACD Signal | 180.00 |
| 3-day High | 16131.70 |
| % from 3-day High | -0.27 |
| 3-day Low | 15890.30 |
| % from 3-day Low | 1.25 |
| 52-week High | 16210.50 |
| % from 52-week High | -0.75 |
| 52-week Low | 11295.00 |
| % from 52-week Low | 42.44 |
| YTD High | 16210.50 |
| % from YTD High | -0.75 |
| YTD Low | 11456.20 |
| % from YTD Low | 40.44 |
| ATR (14) | 168.66 |
The IBEX 35 shows a bullish trend, currently trading above all major moving averages (MA20, MA50, MA200) and near its 52-week and YTD highs. The index’s proximity to the Bollinger Band upper limit and a high RSI of 68.87 suggest strong upward momentum, though it is approaching overbought territory. Immediate resistance is near the recent high of 16210.5, with support around the 3-day low of 15890.3. Market sentiment is positive, supported by a bullish MACD above its signal line.
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