CDAX weakly higher Thursday

The market showed a small gain Thursday, and Cdax-Gesamtindex (Perf) ended the day at 1647 points, which is an increase of 0.6 percent.

103 shares showed a gain and 143 showed a loss. 30 shares were unchanged and closed at the same price as the previous day. There was no trading in 28 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 3.3 billion.

Sartorius AG PRF PERPETUAL EUR lost 0.7 percent to 204 euro. The stock thereby broke the earlier bottom it set Jul 22 and reached a new year-low. The stock has now fallen for the fifth day in a row and this past month the stock has lost as much as 20.0 percent. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Dermapharm Holding SE moved horizontally and closed at 37.50 euro (+1.6 percent). The stock triggered a buy signal by the break up through the resistance at 37.10 euro in double bottom formation. A further increase to 44.42 euro within ten months is indicated.
Carl Zeiss Meditec A G showed a negative development and ended the day at 54.65 euro, which is a decline of 4.0 percent. The stock has not closed lower since May 2018. The stock has now fallen for the fifth day in a row. Nor does it look good technically. The stock is trend wise negative in the medium term, has broken down through support at 56.00 euro and a further decline is indicated.
Auto1 Group SE closed up 6.4 percent to 10.39 euro. We must go back to Sep 2022 to find a higher close for the stock. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through resistance at 9.80 euro and a further increase is indicated.
Nordex SE developed negatively and fell 2.9 percent to a close of 11.42 euro. The stock has not closed at a lower price since Mar 15. The stock has thereby closed down seven out of the past nine days. The stock has by that dropped 11.5 percent since the sell signal from the head and shoulders formation three weeks ago.

Most traded Thursday

Sap SE324.94
Siemens AG220.54
Allianz SE210.97
Rheinmetall AG163.57
Mercedes-Benz AG137.83
 


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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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