CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ger 30 Index Analysis

US Session Analysis for CFD Instruments 18/09/2020

Fundamental analysis

18 September, 2020

German stocks traded slightly higher on Friday during the European session despite concerns about the economic recovery as a resurgence in the coronavirus weighs. A number of M&A deals has helped temper losses. Covestro stock soared 6.7% after Bloomberg reported that buyout firm Apollo Global Management is weighing up the acquisition of the plastics manufacturer. Bayer , which holds a 7.5% stake in Covestro, also increased on the news.

Technical analysis

Ger 30 Index Analysis Technical analysis 18/09/2020
Time Frame: 1 hour

GER30 Support & Resistance Table - 18/09/2020

Support & Resistance Level Explanation
Resistance 2 13306.7 Daily R2
Resistance 1 13265.7 Daily R1
Support 1 13156.3 Daily S1
Support 2 13115.3 Daily S2

GER30 Indicator Table - 18/09/2020

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

GER30 Indicator / Period Table - 18/09/2020

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral NeutralBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GER30 18/09/2020 - Reference Price : 13211.0

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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