Indices

Technical Analysis – GER 30 index rises to 3-month high; positive but possibly overbought

Posted on May 7, 2018 at 10:18 am GMT

The Germany 30 index has climbed considerably since late March and after coming close to revisiting the 15-month low of 11,691.60 recorded in early February. Earlier on Monday, the index touched a three-month high of 12,889.50. The Tenkan-sen and Kijun-sen lines are positively aligned, supporting the case for a bullish bias in the short term. The Chikou Span, though, may be hinting to an overbought market, the implication being that a pull-back in the near term is not to be [..]

Technical analysis – US 30 index losing steam, cautiously negative bias in place

Posted on May 4, 2018 at 1:21 pm GMT

The US 30 index has been losing steam recently. It was rejected from its 100-day moving average (MA) on April 18 and has edged lower since, finding support near the 23,520 zone on May 3, and subsequently rebounding to close the day just above its 200-day moving average. A cautiously negative picture is also supported by the index’s short-term oscillators. The RSI is currently below 50, detecting negative momentum, and is also pointing to the downside. The MACD, already negative, [..]

Equity indices level off as fears of rising interest rates resurface – Index News

Posted on May 3, 2018 at 2:35 pm GMT

Major US equity indices have plateaued in recent weeks. Even a barrage of encouraging earnings reports for Q1 has been unable to lift markets, which seem more preoccupied with rising interest rates and the ongoing trade negotiations between the world’s two largest economies. Overall, bullish momentum seems to be fading in the major indices, and for that to change markets may need a new positive catalyst, for instance the US-China trade negotiations bearing fruit. US markets have moved mostly sideways [..]

Technical Analysis – EU 50 stock index builds base around 7-week high; sideways channel in near term

Posted on April 17, 2018 at 1:30 pm GMT

EU 50 stock index has advanced considerably since roughly the end of March, hitting a seven-week high during Tuesday’s session. Price action is at the moment taking place not far below this peak. The index is developing within a trading range the last couple of months with upper boundary the 3472.70 resistance and lower boundary the 3260 support. The technical picture supports that the bullish run remains in the near-term as both are holding in the positive zone. Looking at momentum indicators, the RSI [..]

Stocks breathe a sigh of relief as risks ease – Index News

Posted on April 13, 2018 at 1:31 pm GMT

Equity markets managed to regain their footing this week, as major concerns regarding protectionism and geopolitics appeared to be easing. While more waves of risk aversion are not to be ruled out over the coming weeks, given that many hazards still loom, the broader picture on both the trade and the geopolitical fronts seems to be gradually improving. Major stock indices managed to claw back some of their recent losses over the past week, as anxieties surrounding protectionism, geopolitics, and [..]

Technical Analysis – UK 100 index is stuck below 50.0% Fibonacci level following bullish rally from 6760

Posted on April 13, 2018 at 11:43 am GMT

UK 100 index has reversed back up again after finding support at the 16-month low of 6760. The index is on track to record a third green week, however, looking at the 4-hour chart, the price is stuck below the 50.0% Fibonacci retracement level of the downleg from 7806 to 6760. The technical picture supports that the range bound is likely to continue in the short-term. Technically, the momentum indicators are holding in the positive territory with weak momentum. The RSI indicator is [..]

Technical Analysis – GER 30 index crosses above 50-day MA to record 4-week high, challenges Ichimoku cloud bottom

Posted on April 10, 2018 at 10:30 am GMT

The Germany 30 index has advanced considerably after hitting a two-month low of 11,703.80 on March 26 and coming close to the more than one-year trough of 11,691.60 recorded in early February. Earlier on Tuesday, the index posted a near four-week high of 12,428.30. In terms of the short-term picture, the Tenkan-sen line has just crossed above the Kijun-sen, this being a positive alignment that supports a bullish bias. The RSI lends credence to this view: the indicator continues to [..]

Technical Analysis – CHI50 stock index heads higher but bears still sneaking around

Posted on April 10, 2018 at 8:26 am GMT

The China A50 stock index (CHI50) did little to gain ground after it hit a 5 ½-month low of 12,269 at the end of March, with the index posting moderate moves since then to create a base around that trough. The market is currently trying to surpass its 200-day simple moving average and the technical indicators are somewhat supportive but positive signals are too weak to paint a bullish picture. The RSI is slowly moving to the upside and the MACD is increasing positive [..]

Technical Analysis – US 500 index daily close below 200-SMA indicates bearish momentum

Posted on April 3, 2018 at 12:52 pm GMT

The US 500 index had a rough bearish ride over Monday’s trading session, as the index extended its losses and ended the day below the significant 200-day simple moving average (SMA). The bullish picture in the medium-term seems to weaken as there are some signs of a bearish correction. The technical structure supports that the downward retracement is likely to continue in the short-term. Looking at momentum indicators, in the daily timeframe, the RSI indicator is lacking direction below the 50 level, while the MACD [..]

With stock turmoil in full swing, moving averages are acting as “lines in the sand” – Index News

Posted on March 30, 2018 at 2:10 pm GMT

Price action in stock markets is increasingly becoming a by-product of unpredictable headlines around protectionism and other issues. In such an environment, besides news, technical indicators like moving averages are worth watching very closely, as they could be especially useful in helping to determine whether more declines, or a rebound are in store. The past weeks have seen choppy and indecisive trading in equity markets, to say the least. While investors have been trying to digest a flurry of trade-related [..]

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