European Equity Indices Summary for Oct 09, 2019


Major European Indices Technical Analysis Market Overview Report for Oct 09, 2019 | by Techniquant Editorial Team

Highlights

N100 closes within prior day's range
CAC finds buyers again around 5447.01
DAX breaks back above 50-day moving average
BEL20 stuck within tight trading range
FTSE finds buyers around 7139.90 for the third day in a row
TECDAX pushes through key technical resistance level

Summary

With six out of the six Major European Indices closing higher today, the ones that stand out on the positive side are TECDAX gaining 1.28% and DAX closing 1.04% 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 TECDAX: Among the six market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Price broke through Technical Resistance R1" stand out. Its common bullish interpretation has been confirmed for TecDAX. Out of 313 times, TECDAX closed higher 59.74% 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 64.22% with an average market move of 0.65%. Read more

Major European Indices Overviews

N100 1,066.60 6.88 (0.65%) N100 ended Wednesday at 1066.60 gaining €6.88 (0.65%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
CAC 5,499.14 42.52 (0.78%) CAC ended Wednesday at 5499.14 gaining €42.52 (0.78%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
DAX 12,094.26 124.06 (1.04%) DAX ended Wednesday at 12094.26 gaining €124.06 (1.04%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
BEL20 3,607.55 15.43 (0.43%) BEL20 finished Wednesday at 3607.55 gaining €15.43 (0.43%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
FTSE 7,166.50 23.30 (0.33%) FTSE ended Wednesday at 7166.50 gaining £23.30 (0.33%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
TECDAX 2,730.34 34.50 (1.28%) TECDAX ended Wednesday at 2730.34 gaining €34.50 (1.28%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for BEL 20 (BEL20) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for Euronext 100 (N100) as at Nov 20, 2019
Nov 20, 2019
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