CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.41% 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 all your money. Read full risk warning.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 21/05/2024

Fundamental analysis

21 May, 2024

In the European session, the German Benchmark Index traded below 18,800 levels.

European markets were lower on Tuesday, reversing the more positive sentiment seen at the start of the week. The Stoxx 600 index fell by 0.36%. All sectors were initially in the red, though health-care stocks edged up by 0.1%, with AstraZeneca shares rising 0.6% after the pharmaceutical giant announced plans to nearly double its revenue by 2030. Banks led the losses, down 0.9%.

Data has been relatively sparse this week, but investors are anticipating the release of minutes from the Federal Reserve’s latest meeting on Wednesday, as well as a U.K. inflation report expected to show a sharp decline in the headline rate. France’s CAC 40 and the U.K.’s FTSE 100 each fell by around 0.4%, while Germany’s DAX dipped by 0.2%.

Technical analysis

Ger 40 Index Analysis Technical analysis 21/05/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 21/05/2024

Support & Resistance Level Explanation
Resistance 2 18858.1 Daily R2
Resistance 1 18814.4 Daily R1
Support 1 18697.6 Daily S1
Support 2 18653.9 Daily S2

GER40 Indicator Table - 21/05/2024

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

GER40 Indicator / Period Table - 21/05/2024

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

GER40 21/05/2024 - Reference Price : 18772.5

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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Ger40 Chart
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