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Content
Signals
All indicators - Medium term
Basf SESep 19, 2024
Deutsche Bank AGSep 19, 2024
Airbus SESep 19, 2024
Heidelberg Materials ASep 19, 2024
Porsche Automobil HoldSep 19, 2024

The market moved up Thursday, and Dax (Performanceindex) ended at 19002 points, which is an increase of 1.6 percent. The index thereby reached a new all time high for the 33. time this year.

30 shares showed a gain and 10 showed a loss. 0 shares were unchanged and closed at the same price as the previous day. There was no trading in 0 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 3.8 billion.

Basf SE ended with a solid gain of 3.0 percent and closed at 46.80 Euro. The stock has never gained more in one day since Mar 19, when it was up 3.3 percent. The stock broke up through the resistance at 46.11 Euro in inverse head and shoulders formation. This triggered a buy signal and a further increase to 51.71 Euro within three months is indicated.
Allianz SE showed a small gain and ended the day at 292 Euro, which is an increase of 1.2 percent. The stock has thereby closed up 22 out of the past 28 days. It also looks good technically. The stock is trend wise positive in the medium term, has support at 269 Euro and a further increase is indicated.
Beiersdorf AG closed at 129 Euro after a solid gain of 3.6 percent. We must go back to Feb 5 to find an equally strong rise. That time the stock gained 4.0 percent. It also looks good technically. The stock is trend wise negative in the medium term, but has marginally broken up through resistance at 128 Euro.
Porsche Automobil Holding SE PRF PERPETU showed a small gain and ended the day at 40.98 Euro, which is an increase of 0.8 percent. The stock triggered a buy signal by the break up through the resistance at 40.89 Euro in double bottom formation. A further increase to 43.39 Euro within two months is indicated.
Adidas AG rose sharply to close at 227 Euro, up 3.1 percent. The previous time the stock gained this much was Apr 17, when it closed up 8.6 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.

Another new record
The market moved up Thursday, and Cdax-Gesamtindex (Perf) ended at 1644 points, which is an increase of 1.5 percent. The index thereby reached a new all time high for the 18. time this year. The index has thereby closed up 22 out of the past 30 days.

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
Dax (Performanceindex)
arrow green   Positive Candidate
Dax (Performanceindex) 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 18900. 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.
Cdax-Gesamtindex (Perf)
arrow green   Positive Candidate
Cdax-Gesamtindex (Perf) is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has broken up through resistance at points 1630. This predicts a further rise. 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
Basf SE (BAS) Price 46.80, Sep 19, 2024
chart
Basf SE has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The stock has broken an inverse head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a rising trend. The stock has broken up through resistance at Euro 46.00. This predicts a further rise. In case of negative reactions, there will now be support at Euro 46.00. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the trend break. 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
DAX - Medium term
 
      
56% 18% 26%
 25 Buy Candidates
 8 Neutral
 12 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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