AEX

AEX
Real-time Euronext Amsterdam - 11/11 02:17:00 pm
595.12EUR
-0.23%

Close to its highest levels

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10/15/2019 | 09:49 am
Opinion : Check out the trading range breakout 534 / 583 
The Amsterdam stock exchange retains volatility generated by dithering over the trade dispute, which is often offset by expectations of a rate cut. Despite everything, the AEX, an index without dividend reinvested, achieved a quality performance over 2019, with an advance of 18.3%, or 22.2% including distributions to shareholders. During these three months, the increase is limited to 1.65% even if a majority of values achieve a negative path. Among the winners, during this reference period, ASML made an advance of 30%, taking advantage of the renewed hope for a trade agreement. The title of the specialist in equipment for the semiconductor industry is followed in its performance by Ahold Delhaize (supermarkets), which increased by 13%. Graphically, in daily data, the index has changed over the past six months in a sinusoidal way, accelerating twice on highest points to 583 points, then falling back just as quickly to the bottom of 534 points. Moving averages perfectly reflect this neutrality with a horizontal orientation. It will therefore be necessary either to extend beyond the annual zenith or, on the contrary, to break the support of the 534 points, to validate a more directional trend.
Patrick Rejaunier
Zonebourse.com 2019
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