European Equity Indices Summary for Jan 16, 2020


Major European Indices Technical Analysis Market Overview Report for Jan 16, 2020 | by Techniquant Editorial Team

Highlights

N100 unable to break through key resistance level
BEL20 runs into sellers around 3990.74 for the third day in a row
DAX finds buyers again around 13382.98
FTSE breaks below key technical support level
CAC closes within previous day's range
TECDAX closes higher for the 3rd day in a row

Summary

With four out of the six Major European Indices closing higher today, the ones that stand out on the positive side are TECDAX gaining 0.84% and BEL20 closing 0.43% higher. On the flipside the worst performers have been FTSE closing -0.43% lower and DAX losing -0.02%.

One of today's most interesting market conditions in the Major European Indices showed up in FTSE: Among the five market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Bearish Outside Bar" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for FTSE 100. Out of 120 times, FTSE closed higher 60.00% 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 53.33% with an average market move of 0.17%. Read more

Major European Indices Overviews

N100 1,159.20 1.33 (0.11%) Moving higher for the 3rd day in a row, N100 finished Thursday at 1159.20 gaining €1.33 (0.11%). Today's close at 1159.20 marks the highest recorded closing price ever. Trading €3.17 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 prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
BEL20 3,987.78 17.06 (0.43%) BEL20 ended Thursday at 3987.78 gaining €17.06 (0.43%). Trading up to €13.57 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on Tuesday, BEL20 actually lost -0.50% on the following trading day. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
DAX 13,429.43 -2.87 (-0.02%) Moving lower for the 2nd day in a row, DAX ended Thursday at 13429.43 edging lower €2.87 (-0.02%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
FTSE 7,609.80 -33.00 (-0.43%) FTSE finished Thursday at 7609.81 losing £32.99 (-0.43%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
CAC 6,039.03 6.42 (0.11%) CAC finished Thursday at 6039.03 gaining €6.42 (0.11%). Trading €19.35 higher after the open, the CAC 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 missed to decisively move beyond the prior day's trading range. Read more
TECDAX 3,129.61 26.04 (0.84%) Moving higher for the 3rd day in a row, TECDAX ended Thursday at 3129.61 gaining €26.04 (0.84%). Today's close at 3129.61 marks the highest recorded closing price since December 14, 2000. 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
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