European Equity Indices Summary for Dec 03, 2019


Major European Indices Technical Analysis Market Overview Report for Dec 03, 2019 | by Techniquant Editorial Team

Highlights

FTSE dominated by bears dragging the market lower throughout the day
CAC breaks below Monday's low
N100 closes lower for the 4th day in a row
TECDAX finds buyers again around 2989.51
BEL20 breaks below key technical support level
DAX closes within previous day's range

Summary

With four out of the six Major European Indices closing lower today, the ones that stand out on the negative side are FTSE losing -1.74% and CAC closing -1.03% lower. On the flipside the best performers have been TECDAX closing 0.44% higher and DAX gaining 0.19%.

One of today's most interesting market conditions in the Major European Indices showed up in BEL20: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close below the lower Bollinger Band" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for BEL 20. Out of 153 times, BEL20 closed higher 52.94% 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 61.44% with an average market move of 1.22%. Read more

Major European Indices Overviews

FTSE 7,158.80 -127.10 (-1.74%) Moving lower for the 4th day in a row, FTSE ended Tuesday at 7158.76 tanking £127.14 (-1.75%). This is the biggest single-day loss in over two months. Today's close at 7158.76 marks the lowest recorded closing price since October 18th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Monday's low at 7277.00, the market confirmed its breakout through the previous session low after trading up to £142.07 below it intraday. Read more
CAC 5,727.22 -59.52 (-1.03%) Moving lower for the 5th day in a row, CAC ended Tuesday at 5727.22 tanking €59.52 (-1.03%). Today's close at 5727.22 marks the lowest recorded closing price since October 25th. Closing below Monday's low at 5781.03, the CAC confirmed its breakout through the prior session low after trading up to €83.97 below it intraday. Read more
N100 1,100.84 -9.59 (-0.86%) Moving lower for the 4th day in a row, N100 ended Tuesday at 1100.84 tanking €9.59 (-0.86%). Today's close at 1100.84 marks the lowest recorded closing price since October 31st. Closing below Monday's low at 1109.17, Euronext confirmed its breakout through the previous session low after trading up to €13.32 below it intraday. Read more
TECDAX 3,005.13 13.11 (0.44%) TECDAX finished Tuesday at 3005.13 gaining €13.11 (0.44%). Trading €26.38 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on October 1st, TECDAX lost -2.51% on the following trading day. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
BEL20 3,841.33 -22.78 (-0.59%) Moving lower for the 3rd day in a row, BEL20 finished Tuesday at 3841.33 losing €22.78 (-0.59%). Today's close at 3841.33 marks the lowest recorded closing price since November 4th. Closing below Monday's low at 3861.67, the index confirmed its breakout through the previous session low after trading up to €31.61 below it intraday. Read more
DAX 12,989.29 24.61 (0.19%) DAX ended Tuesday at 12989.29 gaining €24.61 (0.19%). 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 Euronext 100 (N100) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for CAC 40 Index (CAC) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 18, 2020
Sep 18, 2020
Trending Assets
Top Movers