European Equity Indices Summary for Jul 10, 2019


Major European Indices Technical Analysis Market Overview Report for Jul 10, 2019 | by Techniquant Editorial Team

Highlights

DAX closes below its opening price unable to hold early session gains
FTSE finds buyers again around 7515.61
TECDAX unable to break through key resistance level
CAC closes lower for the 4th day in a row
N100 closes within prior day's range
BEL20 misses to close above 100-day moving average

Summary

With four out of the six Major European Indices closing lower today, the ones that stand out on the negative side are DAX losing -0.51% and N100 closing -0.17% lower. On the flipside the best performers have been TECDAX closing 0.2% higher and BEL20 gaining 0.05%.

One of today's most interesting market conditions in the Major European Indices showed up in BEL20: Among the two market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bearish Bounce off SMA 100" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for BEL 20. Out of 21 times, BEL20 closed higher 66.67% 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 52.38% with an average market move of 0.29%. Read more

Major European Indices Overviews

DAX 12,373.41 -63.14 (-0.51%) Moving lower for the 4th day in a row, DAX finished Wednesday at 12373.41 losing €63.14 (-0.51%). Trading €35.82 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
FTSE 7,530.70 -5.80 (-0.08%) Moving lower for the 5th day in a row, FTSE ended Wednesday at 7530.69 losing £5.81 (-0.08%). Trading £22.65 higher after the open, the stock index was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
TECDAX 2,903.54 5.90 (0.20%) TECDAX finished Wednesday at 2903.54 gaining €5.90 (0.2%). Trading up to €13.60 lower after the open, the stock index managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
CAC 5,567.59 -4.51 (-0.08%) Moving lower for the 4th day in a row, CAC ended Wednesday at 5567.59 losing €4.51 (-0.08%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
N100 1,078.69 -1.84 (-0.17%) Moving lower for the 4th day in a row, N100 finished Wednesday at 1078.69 losing €1.84 (-0.17%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
BEL20 3,589.73 1.82 (0.05%) BEL20 ended Wednesday at 3589.73 edging higher €1.82 (0.05%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Nov 12, 2019
Nov 12, 2019
Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Nov 12, 2019
Nov 12, 2019
Daily technical analysis candlestick chart for BEL 20 (BEL20) as at Nov 12, 2019
Nov 12, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Nov 12, 2019
Nov 12, 2019
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