During the Asian trading session, the German Benchmark Index reached levels above 18,100, signaling a robust opening. Despite this, European stock markets experienced a downturn on Thursday. Notable declines were seen in shares of major players such as Nestle and the Dutch digital payments company, Adyen, after both reported less-than-stellar earnings results.
Adding to the market’s cautious stance was the release of disappointing economic growth figures from the United States, which is a critical economic partner influencing global market dynamics. This news cast a shadow over market sentiment, as investors recalibrated their expectations in light of the slowing economic momentum in the U.S.
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Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table – 26/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 18395.7 | Daily R2 |
| Resistance 1 | 18313.6 | Daily R1 |
| Support 1 | 18094.4 | Daily S1 |
| Support 2 | 18012.3 | Daily S2 |
GER40 Indicator Table – 26/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
GER40 Indicator / Period Table – 26/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
GER40 26/04/2024 – Reference Price : 18223.0
| BUY | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (3)Sell (0) |
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