Euronext PSI20 (PSI20.NDX)
Close: 6 911.82 (+78.59), May 10, 2024
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Liquidity risk: | Volatility risk: |
Short term
Euronext PSI20 is in a rising trend channel in the short term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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 6600 points. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Euronext PSI20. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
Euronext PSI20 has broken the rising trend up in the medium long term. This signals an even stronger growth rate. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 6222. The objective at 6764 is now met, but the formation still gives a signal in the same direction. 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 6600 points. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term. Recommendation one to six months:
Long term
Euronext PSI20 has broken the rising trend up in the long term, which indicates an even stronger rising rate. 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 6300 points. The index is assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.64% | 0.00 | +1.15% |
5 days | 0.00 | 2.09% | 0.00 | +3.96% |
22 days | 0.00 | 5.04% | 0.00 | +10.13% |
66 days | 0.00 | 8.77% | 0.00 | +11.06% |
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