Euronext PSI20 (PSI20.NDX)

Close: 6 360.47 (+7.47), Nov 21, 2024
Negative

Liquidity risk: Volatility risk:

Overall analysis

Euronext PSI20 is technically negative for the short and medium term, and neutral for the long term.

Recommendation one to six months: Negative

Short term

Euronext PSI20 is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 6460 points. The index is assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

Euronext PSI20 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index gave a negative signal from the rectangle formation by the break down through the support at 6398. Further fall to 6001 or lower is signaled. The index has support at points 6220 and resistance at points 6460. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative

Long term

Euronext PSI20 has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index gave a negative signal from the rectangle formation by the break down through the support at 6398. Further fall to 6001 or lower is signaled. The index is testing support at points 6300. This could give a positive reaction, but a downward breakthrough of points 6300 means a negative signal. The index is overall assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.64%0.00+0.12%
5 days0.002.11%0.00-0.22%
22 days0.005.27%0.00-2.96%
66 days0.009.49%0.00-4.70%
 


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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