German Equity Indices Summary for Jul 31, 2020


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

Highlights

DAX closes below its opening price unable to hold early session gains
MDAX slips to lowest close since July 1st
SDAX closes within previous day's range
TECDAX closes within prior day's range

Summary

With two German Stock Indices closing higher and two closing lower today, the winners of the day are SDAX surging 0.84% and TECDAX gaining 0.42%. On the flipside the worst performers have been DAX closing -0.54% lower and MDAX losing -0.28%.

One of today's most interesting market conditions in the German Stock 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

German Stock Indices Overviews

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
MDAX 26,191.82 -73.60 (-0.28%) Moving lower for the 2nd day in a row, MDAX finished the month 1.36% higher at 26191.82 after losing €73.60 (-0.28%) today. Today's close at 26191.82 marks the lowest recorded closing price since July 1st. Trading €299.78 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 Monday, MDAX actually gained 0.51% on the following trading day. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
SDAX 11,747.77 97.77 (0.84%) SDAX finished the month 1.84% higher at 11747.77 after gaining €97.77 (0.84%) today. Closing within the previous day's range, prices missed to decisively move beyond the prior 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 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
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