European Equity Indices Summary for May 15, 2019


Major European Indices Technical Analysis Market Overview Report for May 15, 2019 | by Techniquant Editorial Team

Highlights

CAC finds buyers again around 5297.30
DAX ends the day on a bullish note closing near the high of the day
N100 closes higher for the 2nd day in a row
FTSE dominated by bulls lifting the market higher throughout the day
TECDAX closes above its opening price after recovering from early selling pressure
BEL20 finds buyers at key support level

Summary

With five out of the six Major European Indices closing higher today, the ones that stand out on the positive side are DAX gaining 0.9% and FTSE closing 0.77% higher. On the flipside the worst performer has been BEL20 closing -0.04% lower.

One of today's most interesting market conditions in the Major European Indices showed up in CAC: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bounced off Technical Support S1" stand out. Its common bullish interpretation has been confirmed for CAC 40. Out of 425 times, CAC closed higher 57.18% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 61.18% with an average market move of 0.51%. Read more

Major European Indices Overviews

CAC 5,374.26 32.91 (0.62%) Moving higher for the 2nd day in a row, CAC ended Wednesday at 5374.26 gaining €32.91 (0.62%). Trading up to €51.04 lower after the open, the CAC managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on May 6th, CAC actually lost -1.60% on the following trading day. Ending with a strong close near the high of the day sets a bullish note for the next session. Read more
DAX 12,099.57 107.95 (0.90%) Moving higher for the 2nd day in a row, DAX ended Wednesday at 12099.57 gaining €107.95 (0.9%). Trading up to €156.24 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Ending with a strong close near the high of the day sets a bullish note for the next session. Read more
N100 1,049.04 6.17 (0.59%) Moving higher for the 2nd day in a row, N100 finished Wednesday at 1049.04 gaining €6.17 (0.59%). Trading up to €9.80 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
FTSE 7,297.00 55.40 (0.77%) Moving higher for the 2nd day in a row, FTSE ended Wednesday at 7296.95 gaining £55.35 (0.76%). The bulls were in full control today, moving the market higher throughout the whole session. Ending with a strong close near the high of the day sets a bullish note for the next session. Read more
TECDAX 2,824.71 13.42 (0.48%) Moving higher for the 2nd day in a row, TECDAX finished Wednesday at 2824.71 gaining €13.42 (0.48%). Trading up to €46.85 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
BEL20 3,493.82 -1.33 (-0.04%) BEL20 finished Wednesday at 3493.82 edging lower €1.33 (-0.04%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Jul 18, 2019
Jul 18, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Jul 18, 2019
Jul 18, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Jul 18, 2019
Jul 18, 2019
Daily technical analysis candlestick chart for BEL 20 (BEL20) as at Jul 18, 2019
Jul 18, 2019
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