Mdax (Performanceindex (MDAX.MDAX)

Close: 25 868.00 (-134.30), Nov 21, 2024
Weak Negative

Low risk

Automatic technical analysis. Short term, Nov 21, 2024

Mdax (Performanceindex) has broken the rising trend channel in the short term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index gave a negative signal from the head and shoulders formation by the break down through the support at 26177. Further fall to 25282 or lower is signaled. The index is approaching support at 25700 points, which may give a positive reaction. However, a break downwards through 25700 points will be a negative signal. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative (Score: -26)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.74%0.00-0.52%
5 days0.002.35%0.00-2.29%
22 days0.005.92%0.00-4.50%
66 days0.0011.63%0.00+3.82%

More analyses of Mdax (Performanceindex)

chart Mdax (Performanceindex) (MDAX) Candlesticks 22 Days
Candlesticks
chart Mdax (Performanceindex) (MDAX) Short term
Short term: Weak Negative
chart Mdax (Performanceindex) (MDAX) Medium term
Medium term: Weak Negative
chart Mdax (Performanceindex) (MDAX) Long term
Long term: Weak Negative
 


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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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