European Equity Indices Summary for Jul 31, 2020


Major European Indices Technical Analysis Market Overview Report for Jul 31, 2020 | by Techniquant Editorial Team

Highlights

N100 breaks below Thursday's low
FTSE breaks below 100-day moving average for the first time since July 9th
CAC falls to lowest close since June 1st
BEL20 closes lower for the 3rd day in a row
DAX closes below its opening price unable to hold early session gains
TECDAX closes within prior day's range

Summary

With five out of the six Major European Indices closing lower today, the ones that stand out on the negative side are BEL20 losing -2.01% and FTSE closing -1.54% lower. On the flipside the best performer has been TECDAX closing 0.42% higher.

One of today's most interesting market conditions in the Major European Indices showed up in DAX: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed below the lower Bollinger Band" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for DAX. Out of 76 times, DAX closed higher 53.95% 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 61.84% with an average market move of 0.68%. Read more

Major European Indices Overviews

N100 954.26 -11.82 (-1.22%) Moving lower for the 2nd day in a row, N100 ended the month -2.28% lower at 954.26 after losing €11.82 (-1.22%) today. Today's close at 954.26 marks the lowest recorded closing price since June 15th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 956.22, Euronext confirmed its breakout through the prior session low after trading up to €1.96 below it intraday. Read more
FTSE 5,897.80 -92.20 (-1.54%) Moving lower for the 2nd day in a row, FTSE finished the month -4.41% lower at 5897.76 after losing £92.24 (-1.54%) today. Today's close at 5897.76 marks the lowest recorded closing price since May 15th. Trading £56.34 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 June 10th, FTSE lost -3.99% on the following trading day. Closing below Thursday's low at 5924.70, the stock index confirmed its breakout through the previous session low after trading up to £26.94 below it intraday. Read more
CAC 4,783.69 -69.25 (-1.43%) Moving lower for the 2nd day in a row, CAC ended the month -3.09% lower at 4783.69 after losing €69.25 (-1.43%) today. Today's close at 4783.69 marks the lowest recorded closing price since June 1st. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 4801.02, the index confirmed its breakout through the prior session low after trading up to €17.33 below it intraday. Read more
BEL20 3,273.37 -67.11 (-2.01%) Moving lower for the 3rd day in a row, BEL20 ended the month -1.64% lower at 3273.37 after tanking €67.11 (-2.01%) today. This is the biggest single-day loss in over a month. Today's close at 3273.37 marks the lowest recorded closing price since June 11th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 3308.48, the stock index confirmed its breakout through the previous session low after trading up to €35.11 below it intraday. Read more
DAX 12,313.36 -66.29 (-0.54%) Moving lower for the 4th day in a row, DAX finished the month 0.02% higher at 12313.36 after losing €66.29 (-0.54%) today. Today's close at 12313.36 marks the lowest recorded closing price since July 1st. Trading €121.65 higher after the open, the stock index 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
TECDAX 3,005.00 12.42 (0.42%) TECDAX ended the month 1.74% higher at 3005.00 after gaining €12.42 (0.42%) today. Closing within the prior day's range, prices missed 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 Sep 23, 2020
Sep 23, 2020
Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Sep 23, 2020
Sep 23, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 23, 2020
Sep 23, 2020
Daily technical analysis candlestick chart for Euronext 100 (N100) as at Sep 18, 2020
Sep 18, 2020
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