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Content
Signals
All indicators - Medium term
Prosus NVSep 19, 2024
Koninklijke Ahold DelhSep 19, 2024
ArcelorMittal SASep 19, 2024
NN Group NVSep 19, 2024
Aegon Ltd.Sep 19, 2024

The market rallied Thursday, and AEX-index closed at 908 points after an increase of 1.8 percent. The index has never gained more in one day since Aug 7, when it was up 2.2 percent.

86 shares showed a gain and 22 showed a loss. 7 shares were unchanged and closed at the same price as the previous day. There was no trading in 30 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 2.4 billion.

ArcelorMittal SA rose sharply to close at 21.90 euro, up 3.8 percent. We must go back to Feb 8 to find an equally strong rise. That time the stock gained 4.9 percent. This past week the stock has gained as much as 8.7 percent. The stock broke up through the resistance at 21.22 euro in inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 23.93 euro within three months is indicated.
Prosus NV closed at 34.06 euro after a solid gain of 4.7 percent. We must go back to Feb 6 to find an equally strong rise. That time the stock gained 4.9 percent. It also looks good technically. The stock has broken up through resistance at 33.40 euro.
SAINT GOBAIN ended with a solid gain of 4.4 percent and closed at 84.52 euro. The stock has never gained more in one day since Apr 26, when it was up 6.9 percent. Since the buy signal from the rectangle formation two days ago, the stock now has gained 7.0 percent.
Aalberts NV ended with a solid gain of 6.4 percent and closed at 36.18 euro. We must go back to Feb 22 to find an equally strong rise. That time the stock gained 7.3 percent. The stock broke up through the resistance at 35.30 euro in double bottom formation. This triggered a buy signal on increasing volume and a further increase to 37.39 euro within two months is indicated. It was also high volume. Overall it was traded for 13 millions euro in the stock, which is three times as much as normal daily turnover.
ASM International NV closed at 591 euro after a solid gain of 5.6 percent. The stock has never gained more in one day since Apr 26, when it was up 7.3 percent. The stock has thereby closed up six out of the past seven days. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.

Highest close since Apr 2022.
The market moved up Thursday, and Bel20 ended at 4253 points, which is an increase of 0.7 percent. The index has not closed higher since Apr 2022.

New record on US 500!
The market moved up Thursday, and S&P 500 ended at 5714 points, which is an increase of 1.7 percent. The index thereby broke the previous record from Jul 16 and set a new all time high. The index has thereby closed up eight out of the past nine days.

Indices
AEX-index
arrow green   Positive Candidate
AEX-index is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. A head and shoulders formation is under development. A decisive break of the support at 861, ideally with an increase in volume, signals a further fall. The index has support at points 860 and resistance at points 944. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term.
Bel20
arrow green   Positive Candidate
Bel20 has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. 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 4030 points. The index is assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5660. An established break predicts a further rise. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Koninklijke Vopak NV (VPK) Price 41.94, Sep 19, 2024
chart
Koninklijke Vopak NV has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has broken a support level in the short term and given a negative signal for the short term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 37.50 euro. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.77%908.42
CAC402.29%7615.41
COMPX-0.31%17573.00
DAX1.55%19002
HEX1.19%10065.00
N1001.88%1492.06
OMXC25GI0.36%2348.06
OMXSPI1.83%1003.38
OSEBX0.76%1411.02
PSI20-0.51%6720.43
TECDAX0.98%3339.79
BUK100P0.94%833.99
EURUSD0.28%1.1200
CL (OIL)0.35%71.16
Indices Evaluations
 SML
AEXpospospos
CAC40negnegpos
COMPXnegpospos
DAXpospospos
HEXposneutralneg
N100negneutralneutral
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXnegpospos
PSI20pospospos
TECDAXneutralpospos
BUK100Pneutralpospos
EURUSDneutralposneg
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
AEX 25 - Medium term
 
      
65% 26% 9%
 15 Buy Candidates
 6 Neutral
 2 Sell Candidates
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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.


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.

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