European Equity Indices Summary for Jul 11, 2019


Major European Indices Technical Analysis Market Overview Report for Jul 11, 2019 | by Techniquant Editorial Team

Highlights

FTSE closes below its opening price unable to hold early session gains
N100 closes lower for the 5th day in a row
CAC closes lower for the 5th day in a row
TECDAX dominated by bears dragging the market lower throughout the day
DAX breaks below 20-day moving average for the first time since June 6th
BEL20 breaks below Wednesday's low

Summary

With six out of the six Major European Indices closing lower today, the ones that stand out on the negative side are TECDAX losing -0.91% and BEL20 closing -0.52% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Major European Indices showed up in FTSE: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "6 Consecutive Lower Closes" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for FTSE 100. Out of 9 times, FTSE closed higher 55.56% 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 77.78% with an average market move of 1.58%. Read more

Major European Indices Overviews

FTSE 7,509.80 -20.90 (-0.28%) Moving lower for the 6th day in a row, FTSE finished Thursday at 7509.82 losing £20.88 (-0.28%). Trading £27.65 higher after the open, FTSE 100 was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 7515.60, the stock index confirmed its breakout through the previous session low after trading up to £13.94 below it intraday. Read more
N100 1,077.10 -1.59 (-0.15%) Moving lower for the 5th day in a row, N100 ended Thursday at 1077.10 losing €1.59 (-0.15%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 1077.37, the index confirmed its breakout through the prior session low after trading up to €1.22 below it intraday. Read more
CAC 5,551.95 -15.64 (-0.28%) Moving lower for the 5th day in a row, CAC ended Thursday at 5551.95 losing €15.64 (-0.28%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 5557.66, the index confirmed its breakout through the prior session low after trading up to €8.71 below it intraday. Read more
TECDAX 2,877.14 -26.40 (-0.91%) TECDAX ended Thursday at 2877.14 losing €26.40 (-0.91%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 2885.50, the index confirmed its breakout through the previous session low after trading up to €14.82 below it intraday. Read more
DAX 12,332.12 -41.29 (-0.33%) Moving lower for the 5th day in a row, DAX finished Thursday at 12332.12 losing €41.29 (-0.33%). Closing below Wednesday's low at 12356.80, the stock index confirmed its breakout through the previous session low after trading up to €49.46 below it intraday. Read more
BEL20 3,571.13 -18.60 (-0.52%) BEL20 ended Thursday at 3571.13 losing €18.60 (-0.52%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 3582.11, BEL 20 confirmed its breakout through the prior session low after trading up to €15.10 below it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Jul 17, 2019
Jul 17, 2019
Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Jul 17, 2019
Jul 17, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Jul 17, 2019
Jul 17, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Jul 17, 2019
Jul 17, 2019
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