CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
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 can afford to take the high risk of losing your money.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 27/03/2024

Fundamental analysis

27 March, 2024

In the European session, the German Benchmark Index traded above 18,700 levels.

On Wednesday, European stocks faced uncertainty after reaching a record high in the previous session, with investors anticipating further economic data later in the week. Meanwhile, H&M shares experienced a surge following positive quarterly results.

The pan-European STOXX 600 dipped by 0.1%. Deutsche Bank saw a 3.4% increase and achieved a six-year high after Morgan Stanley upgraded the German lender to "overweight." This boost in stock value supported Germany's DAX 40 index, which also rose by 0.1%.

Technical analysis

Ger 40 Index Analysis Technical analysis 27/03/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 27/03/2024

Support & Resistance Level Explanation
Resistance 2 18837.2 Daily R2
Resistance 1 18791.9 Daily R1
Support 1 18671.1 Daily S1
Support 2 18625.8 Daily S2

GER40 Indicator Table - 27/03/2024

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

GER40 Indicator / Period Table - 27/03/2024

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

GER40 27/03/2024 - Reference Price : 18731.5

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