European Equity Indices Summary for Aug 13, 2019


Major European Indices Technical Analysis Market Overview Report for Aug 13, 2019 | by Techniquant Editorial Team

Highlights

N100 runs into sellers around 1049.01 for the forth day in a row
FTSE still stuck within tight trading range
DAX finds support at 200-day moving average
TECDAX unable to break through key resistance level
CAC closes within previous day's range
BEL20 closes above its opening price after recovering from early selling pressure

Summary

With six out of the six Major European Indices closing higher today, the ones that stand out on the positive side are CAC gaining 0.99% and N100 closing 0.66% higher. None of the markets ended the day in the red.

One of today's most interesting market conditions in the Major European Indices showed up in CAC: Among the four market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Bullish Outside Bar" stand out. While it is usually interpreted as bullish, it has actually shown to be bearish for CAC 40. Out of 126 times, CAC closed lower 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 short side has been after seven trading days, showing a win rate of 47.62% with an average market move of -0.14%. Read more

Major European Indices Overviews

N100 1,041.64 6.86 (0.66%) N100 finished Tuesday at 1041.64 gaining €6.86 (0.66%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
FTSE 7,250.90 24.20 (0.33%) FTSE finished Tuesday at 7250.90 gaining £24.20 (0.33%). Trading up to £59.86 lower after the open, FTSE 100 managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
DAX 11,750.13 70.45 (0.60%) DAX ended Tuesday at 11750.13 gaining €70.45 (0.6%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
TECDAX 2,772.42 13.43 (0.49%) TECDAX ended Tuesday at 2772.42 gaining €13.43 (0.49%). Trading up to €29.27 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 previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
CAC 5,363.07 52.76 (0.99%) CAC ended Tuesday at 5363.07 gaining €52.76 (0.99%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
BEL20 3,519.20 11.89 (0.34%) BEL20 finished Tuesday at 3519.20 gaining €11.89 (0.34%). Trading up to €28.43 lower after the open, BEL 20 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

Detailed Reports

Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for BEL 20 (BEL20) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Aug 23, 2019
Aug 23, 2019
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