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Content
Signals
All indicators - Medium term
KBC Groupe NVApr 18, 2024
Lotus Bakeries NVApr 18, 2024
EKOPAK NVApr 18, 2024
BiotalysApr 18, 2024
Quest for Growth NVApr 18, 2024

The market moved up Thursday, and Bel20 ended at 3827 points, which is an increase of 0.8 percent.

64 shares showed a gain and 37 showed a loss. 17 shares were unchanged and closed at the same price as the previous day. There was no trading in 104 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 0.6 billion.

Lotus Bakeries NV moved up and ended at 9010 euro, which is an increase of 1.6 percent. The stock has not closed higher since Feb 19. The stock triggered a buy signal by the break up through the resistance at 8990 euro in inverse head and shoulders formation. A further increase to 9420 euro within two months is indicated.
Melexis NV developed negatively and fell 2.1 percent to a close of 71.25 euro. The stock has now fallen for the sixth day in a row. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
KBC Groupe NV developed positively, and gained 2.0 percent to a close of 70.00 euro. We must go back to Mar 2023 to find a higher close for the stock. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Solvay SA closed at 30.65 euro after a gain of 2.9 percent. The stock therby broke above the 30.00 -mark for the first time since Dec 2023. The stock has thereby closed up 17 out of the past 22 days and this past month the stock has gained as much as 31.9 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
AVANTIUM fell sharply to close at 2.42 euro, down 6.0 percent. The stock has never lost more in one day since Feb 6, when it was down 7.0 percent.

Euronext Amsterdam approximately even on Thursday
AEX-index moved more or less horizontally on Thursday and closed at 865 points (+0.0 percent).

US 500 falls for the fifth day in a row
The market showed a small loss Thursday, and S&P 500 ended the day at 5011 points, which is a decline of 0.2 percent. The index has now closed down for the fifth day in a row and this past week the index has lost as much as 3.6 percent.

Indices
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 index is testing resistance at points 3850. This could give a negative reaction, but an upward breakthrough of points 3850 means a positive signal. The index is assessed as technically neutral for the medium long term.
AEX-index
arrow yellow   Neutral
AEX-index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is approacing resistance at 886 points, which may give a negative reaction. However, a break upwards through 886 points will be a positive signal. 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 yellow   Neutral
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the medium long term.
Today´s Case
ING GROEP N.V. (INGA) Price 15.17, Apr 18, 2024
chart
Investors have paid higher prices over time to buy ING GROEP N.V. and the stock is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. It also gave positive signal from the rectangle formation at the break up through the resistance at 13.92. Further rise to 16.10 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 13.50 euro. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.00%865.36
CAC400.52%8023.26
COMPX-1.15%15683.00
DAX0.38%17837
HEX0.34%9768.28
N1000.41%1500.77
OMXC25GI-0.37%2167.25
OMXSPI0.16%942.13
OSEBX-0.38%1342.62
PSI200.16%6234.41
TECDAX-1.42%3210.84
BUK100P0.24%786.93
EURUSD0.08%1.0700
CL (OIL)-3.13%82.69
Indices Evaluations
 SML
AEXposneutralpos
CAC40posneutralpos
COMPXneutralposneutral
DAXnegpospos
HEXnegnegneg
N100pospospos
OMXC25GIneutralposneutral
OMXSPIpospospos
OSEBXpospospos
PSI20negposneutral
TECDAXnegneutralneg
BUK100Pneutralneutralpos
EURUSDnegnegneg
CL (OIL)posneutralneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
BEL 20 - Medium term
 
      
40% 25% 35%
 8 Buy Candidates
 5 Neutral
 7 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.

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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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