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Content
Signals
All indicators - Medium term
Umicore SAMay 3, 2024
D`ieteren GroupMay 3, 2024
Groupe Bruxelles LambeMay 3, 2024
VGP N.V.May 3, 2024
NV Bekaert SA.May 3, 2024

The market showed a small gain Friday, and Bel20 ended the day at 3913 points, which is an increase of 0.5 percent. The week as a whole showed a gain of 1.0 percent.

65 shares showed a gain and 40 showed a loss. 14 shares were unchanged and closed at the same price as the previous day. There was no trading in 103 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 0.7 billion.

APERAM lost 4.6 percent to 25.98 euro. We must go back to Oct 2023 to find a lower close for the stock. Nor does it look good technically. The stock is trend wise negative in the medium term, has marginally broken down through support at 26.00 euro and a further decline is indicated.
VGP N.V. gained 1.7 percent to 106 euro. The stock has now closed up for the fifth day in a row and this past week the stock has gained as much as 9.7 percent. The stock triggered a buy signal by the break up through the resistance at 106 euro in rectangle formation. A further increase to 115 euro within four months is indicated.
Groupe Bruxelles Lambert SA closed at 71.25 euro after posting a gain of 1.9 percent. The stock has never gained more in one day since Nov 2. 2023, when it was up 2.2 percent. The stock broke up through the resistance at 70.04 euro in rectangle formation. This triggered a buy signal on increasing volume and a further increase to 76.55 euro within one year is indicated.
Proximus SA closed at 6.96 euro after posting a gain of 3.6 percent. The stock has never gained more in one day since Nov 14. 2023, when it was up 6.3 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.
Umicore SA closed at 21.22 euro after a solid gain of 6.5 percent. The stock has never gained more in one day since Oct 17. 2023, when it was up 13.0 percent. The stock is trend wise negative in the medium term.

Another new record
The market moved up Friday, and AEX-index ended at 887 points, which is an increase of 1.0 percent. The index thereby reached a new all time high for the 17. time this year. The week as a whole showed a gain of 0.5 percent.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5128 points, which is an increase of 1.3 percent. The week as a whole showed a gain of 0.5 percent.

Indices
Bel20
arrow green   Positive Candidate
Bel20 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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 3850 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
AEX-index
arrow green   Positive Candidate
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. 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 860 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
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 broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is between support at points 4970 and resistance at points 5250. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.
Today´s Case
NV Bekaert SA. (BEKB) Price 47.54, May 3, 2024
chart
NV Bekaert SA. is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. 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 45.30 euro. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.99%887.44
CAC400.54%7957.57
COMPX1.99%16156.00
DAX0.59%18002
HEX0.60%9966.99
N1000.52%1504.89
OMXC25GI0.36%2185.56
OMXSPI0.76%954.50
OSEBX0.50%1371.30
PSI20-0.25%6648.67
TECDAX0.81%3266.22
BUK100P0.46%819.94
EURUSD0.53%1.0800
CL (OIL)-1.06%78.11
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXneutralpospos
DAXpospospos
HEXposposneutral
N100posneutralpos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralneutral
BUK100Ppospospos
EURUSDnegpospos
CL (OIL)negneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
BEL 20 - Medium term
 
      
50% 20% 30%
 10 Buy Candidates
 4 Neutral
 6 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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