Euronext PSI20 (PSI20.NDX)

Close: 6 409.00 (+48.53), Nov 22, 2024
Weak Negative

Automatic technical analysis. Short term, Nov 22, 2024

Investors have accepted lower prices over time to get out of Euronext PSI20 and the index is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Euronext PSI20. An inverse head and shoulders formation is under development. A decisive break of the resistance at 6438, ideally with an increase in volume, signals a further rise. The index has support at points 6300 and resistance at points 6460. The index is overall assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.64%0.00+0.76%
5 days0.002.11%0.00-0.30%
22 days0.005.27%0.00-1.71%
66 days0.009.49%0.00-3.55%

More analyses of Euronext PSI20

chart Euronext PSI20 (PSI20) Candlesticks 22 Days
Candlesticks
chart Euronext PSI20 (PSI20) Short term
Short term: Weak Negative
chart Euronext PSI20 (PSI20) Medium term
Medium term: Negative
chart Euronext PSI20 (PSI20) Long term
Long term: Hold
 


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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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