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Content
Signals
All indicators - Medium term
AHOLD DELSep 19, 2024
Syensqo S.A.Sep 19, 2024
Solvay SASep 19, 2024
Melexis NVSep 19, 2024
Barco NVSep 19, 2024

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.

69 shares showed a gain and 33 showed a loss. 18 shares were unchanged and closed at the same price as the previous day. There was no trading in 104 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 0.8 billion.

SAINT GOBAIN moved up and ended at 84.52 euro, which is an increase of 4.4 percent. The stock thereby broke the earlier top it set May 15 and reached a new year-high. It also looks good technically. The stock is trend wise positive in the medium term, has support at 80.00 euro and a further increase is indicated.
Solvay SA was up 2.5 percent to close at 34.58 euro. The stock has now risen for the fifth day in a row and this past month the stock has gained as much as 13.3 percent. The stock broke up through the resistance at 34.54 euro in rectangle formation. This triggered a buy signal on increasing volume and a further increase to 39.47 euro within five months is indicated.
Sofina SA moved up and ended at 260 euro, which is an increase of 1.2 percent. The stock has not closed higher since May 2022. The stock is with that up 11.6 percent after the buy signal from the rectangle formation two weeks ago.
KBC Ancora SA closed at 48.45 euro after a small gain of 0.6 percent. The stock has now closed up for the seventh day in a row. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 47.00 euro and a further increase is indicated.
KBC Groupe NV showed a flat development and ended the day at 71.36 euro (-0.1 percent). The stock thereby reversed down after six days of gains. The stock is trend wise positive in the medium term.

Euronext Amsterdam sharply higher
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.

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
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.
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.
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
Solvay SA (SOLB) Price 34.58, Sep 19, 2024
chart
Solvay SA has broken up from an approximate horizontal trend channel in the medium long term. This signals a continued strong development, and the stock now meets support on possible reactions down towards the ceiling of the trend channel. The price has also broken through the ceiling at 34.54 of a rectangle pattern. A decisive break will signal a further rise to 39.47 or more. The stock has marginally broken up through resistance at euro 34.00. An established break predicts a further rise. Volume has previously been low at price tops and high at price bottoms. This weakens the trend break. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. 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)-0.39%70.91
Indices Evaluations
 SML
AEXpospospos
CAC40negnegpos
COMPXnegpospos
DAXpospospos
HEXposneutralneg
N100negneutralneutral
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXnegpospos
PSI20pospospos
TECDAXneutralpospos
BUK100Pneutralpospos
EURUSDneutralposneg
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
BEL 20 - Medium term
 
      
45% 30% 25%
 9 Buy Candidates
 6 Neutral
 5 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.

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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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