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.

199 shares showed a gain and 67 showed a loss. 22 shares were unchanged and closed at the same price as the previous day. There was no trading in 27 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 4.4 billion.

Deutsche Wohnen SE closed at 27.05 euro after posting a gain of 19.7 percent. We must go back to Dec 18. 2008 to find an equally strong rise. That time the stock gained 20.1 percent. It was also very high volume. Overall it was traded for 26 millions euro in the stock, which is 13 times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 23.80 euro and a further increase is indicated.
Basf SE rose sharply to close at 46.80 euro, up 3.0 percent. The previous time the stock gained this much was Mar 19, when it closed up 3.3 percent. This past week the stock has gained as much as 9.6 percent. The stock triggered a buy signal by the break up through the resistance at 46.11 euro in inverse head and shoulders formation. A further increase to 51.71 euro within three months is indicated.
Beiersdorf AG rose sharply to close at 129 euro, up 3.6 percent. The previous time the stock gained this much was Feb 5, when it closed up 4.0 percent. Technically it also looks good. The stock is trend wise negative in the medium term, but has marginally broken up through resistance at 128 euro.
Allianz SE closed at 292 euro after a small gain of 1.2 percent. The stock has thereby closed up 22 out of the past 28 days. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 269 euro and a further increase is indicated.
Adidas AG closed at 227 euro after posting a gain of 3.1 percent. The previous time the stock gained this much was Apr 17, when it closed up 8.6 percent. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.

Most traded Thursday

Sap SE360.55
Siemens AG259.07
Deutsche Telekom AG248.19
Allianz SE190.37
Mercedes-Benz AG189.14
 


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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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