Ger 40 Index Analysis

US Session Analysis for CFD Instruments 17/04/2024

Fundamental analysis

17 April, 2024

In the European session, the German Benchmark Index traded above 18,000 levels.

European shares rose modestly on Wednesday, with LVMH and Adidas reporting strong quarterly results. Investor caution persisted due to developments in the Middle East.

German stocks rebounded after previous losses driven by geopolitical tensions and uncertainty over Fed rates. The DAX gained 84 points (0.5%), with Adidas soaring 6.4% after raising its full-year guidance on better-than-expected Q1 results.

Technical analysis

Time Frame: 1 hour

GER40 Support & Resistance Table - 17/04/2024

Support & Resistance	Level	Explanation
Resistance 2	18290.8	Daily R2
Resistance 1	18208.6	Daily R1
Support 1	17989.4	Daily S1
Support 2	17907.2	Daily S2

GER40 Indicator Table - 17/04/2024

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

GER40 Indicator / Period Table - 17/04/2024

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Buy	Buy
RSI (14)	Sell	Sell	Buy
SMA 20	Sell	Sell	Buy

GER40 17/04/2024 - Reference Price : 18099.0

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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