Euronext PSI20 (PSI20.NDX)
Close: 6 720.43 (-34.24), Sep 19, 2024
|
Liquidity risk: | Volatility risk: |
Short term
Euronext PSI20 has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The index is moving within a rectangle formation between support at 6427 and resistance at 6832. A decisive break through one of these levels indicates the new direction for the index. The index is approaching support at 6700 points, which may give a positive reaction. However, a break downwards through 6700 points will be a negative signal. The index is overall assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
Investors have paid higher prices over time to buy Euronext PSI20 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is moving within a rectangle formation between support at 6427 and resistance at 6832. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 6620 and resistance at points 6900. The index is overall assessed as technically positive for the medium long term. Recommendation one to six months:
Long term
Euronext PSI20 is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is moving within a rectangle formation between support at 6427 and resistance at 6840. A decisive break through one of these levels indicates the new direction for the index. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 6300 points. The index is overall assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.65% | 0.00 | -0.51% |
5 days | 0.00 | 2.14% | 0.00 | -1.06% |
22 days | 0.00 | 5.50% | 0.00 | +0.63% |
66 days | 0.00 | 9.75% | 0.00 | +2.73% |
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.