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Content
Signals
All indicators - Medium term
ArcelorMittal SANov 22, 2024
OCI N.V. Shs (NetherlaNov 22, 2024
CTP NVNov 22, 2024
Hydratec Industries NVNov 22, 2024
MKB NedsenseNov 22, 2024

The market rallied Friday, and AEX-index closed at 880 points after an increase of 1.6 percent. The index has never gained more in one day since Sep 19, when it was up 1.8 percent. The week as a whole showed a gain of 2.0 percent.

74 shares showed a gain and 31 showed a loss. 12 shares were unchanged and closed at the same price as the previous day. There was no trading in 13 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 2.3 billion.

Wolters Kluwer NV rose sharply to close at 158 euro, up 3.0 percent. The stock has never gained more in one day since Jun 1. 2023, when it was up 3.9 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has marginally broken up through resistance at 157 euro and a further increase is indicated.
RELX PLC ended with a solid gain of 3.3 percent and closed at 44.82 euro. The previous time the stock gained this much was Jul 27. 2023, when it closed up 5.0 percent. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 43.70 euro and a further increase is indicated.
Unilever PLC closed at 56.44 euro after posting a gain of 3.4 percent. We must go back to Jul 25 to find an equally strong rise. That time the stock gained 5.8 percent. The stock has thereby closed up seven out of the past eight days. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
WDP ended with a solid gain of 3.0 percent and closed at 20.72 euro. The stock has never gained more in one day since May 15, when it was up 4.3 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term, has resistance at 21.60 euro and a further decline is indicated.
Alfen NV developed negatively and fell 1.4 percent to a close of 11.24 euro. The stock has not closed at a lower price since Aug 2019. The stock has now fallen for the sixth day in a row and this past week the stock has lost as much as 9.3 percent. Nor does it look good technically. The stock is trend wise negative in the medium term, has broken down through support at 12.00 euro and a further decline is indicated.

Euronext Brussel sharply higher
The market rallied Friday, and Bel20 closed at 4228 points after an increase of 1.7 percent. The index has never gained more in one day since Sep 9, when it was up 1.7 percent. The week as a whole showed a gain of 1.6 percent.

US 500 rises for the fifth day in a row
The market showed a small gain Friday, and S&P 500 ended the day at 5969 points, which is an increase of 0.3 percent. The week as a whole showed a gain of 1.7 percent. The index has now closed up for the fifth day in a row.

Indices
AEX-index
arrow green   Weak Positive Candidate
AEX-index has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has support at points 860 and resistance at points 922. The index is assessed as technically slightly positive for the medium long term.
Bel20
arrow yellow   Neutral
Investors have paid higher prices over time to buy Bel20 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after meeting the objective at 4117 after the break of the rectangle formation. A significant penetation of 4208 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has support at points 4030 and resistance at points 4330. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically neutral for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 5670 points. The index is assessed as technically positive for the medium long term.
Today´s Case
ArcelorMittal SA (MT) Price 23.99, Nov 22, 2024
chart
ArcelorMittal SA is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The moving average indicator has given a positive signal. In isolation, this signals a continued rise, but the slowness of the indicator often means that one has lost much of the upside. The stock has support at euro 23.40 and resistance at euro 25.70. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.58%879.80
CAC400.58%7255.01
COMPX0.16%19004.00
DAX0.92%19323
HEX0.56%9559.33
N1000.62%1443.61
OMXC25GI1.68%2144.92
OMXSPI1.02%956.89
OSEBX0.26%1468.66
PSI200.76%6409.00
TECDAX1.23%3370.04
BUK100P1.41%831.38
EURUSD-0.67%1.0400
CL (OIL)1.63%71.24
Indices Evaluations
 SML
AEXnegpospos
CAC40negnegneutral
COMPXpospospos
DAXneutralpospos
HEXnegnegneg
N100neutralnegpos
OMXC25GInegneutralneg
OMXSPInegneutralpos
OSEBXpospospos
PSI20negnegneutral
TECDAXpospospos
BUK100Pnegpospos
EURUSDnegnegneg
CL (OIL)negneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
AEX 25 - Medium term
 
      
48% 13% 39%
 11 Buy Candidates
 3 Neutral
 9 Sell Candidates
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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.


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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