German Equity Indices Summary for Jan 15, 2020


German Stock Indices Technical Analysis Market Overview Report for Jan 15, 2020 | by Techniquant Editorial Team

Highlights

SDAX finds buyers again around 12404.13
TECDAX pushes through Tuesday's high
MDAX finds buyers at key support level
DAX closes within previous day's range after lackluster session

Summary

With three out of the four German Stock Indices closing lower today, the ones that stand out on the negative side are MDAX losing -0.19% and SDAX closing -0.19% lower. On the flipside the best performer has been TECDAX closing 0.15% higher.

One of today's most interesting market conditions in the German Stock Indices showed up in TECDAX: Among the four market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Close to Swing High" stand out. Although it is usually interpreted as neutral, it has actually shown to be bullish for TecDAX. Out of 676 times, TECDAX closed higher 55.62% 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 61.24% with an average market move of 0.51%. Read more

German Stock Indices Overviews

SDAX 12,429.75 -23.42 (-0.19%) Moving lower for the 4th day in a row, SDAX finished Wednesday at 12429.75 edging lower €23.42 (-0.19%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
TECDAX 3,103.57 4.52 (0.15%) Moving higher for the 2nd day in a row, TECDAX ended Wednesday at 3103.57 edging higher €4.52 (0.15%). Closing above Tuesday's high at 3102.66, the market confirmed its breakout through the prior session high after trading up to €12.34 above it intraday. Read more
MDAX 28,407.22 -55.25 (-0.19%) MDAX finished Wednesday at 28407.22 losing €55.25 (-0.19%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
DAX 13,432.30 -24.19 (-0.18%) DAX finished Wednesday at 13432.30 edging lower €24.19 (-0.18%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more

Detailed Reports

Daily technical analysis candlestick chart for MDAX Performance-Index (MDAX) 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 SDAX Performance-Index (SDAX) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for TecDAX (TECDAX) as at Sep 18, 2020
Sep 18, 2020
Trending Assets
Top Movers