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MarketScreener Homepage  >  Indexes  >  Switzerland  >  Euro Stoxx 50       EU0009658145


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Investors oriented towards defensive stocks

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Mid-term Analysis published on 10/09/2019 | 09:09am

Eurozone stocks have just entered a consolidation cycle, a phase triggered by the industrial transfer confirmed by recent US statistics on activity. Nevertheless, the 2019 route remains qualitative for the Euro Stoxx 50, which is still gaining 15%. Over the last monthly series, the index shows a little ground (-0.8%) and it is the so-called defensive values that are at the top of the ranking. Engie, rarely in this position, achieved an increase of 8.3%. The title has benefited from new recommendations due to its current rating with its European peers. Orange also rose on the podium with an advance of 7% and Sanofi (4%). On the other hand, Sociée;tés General Company dropped by 7.8%, followed by Airbus (-7.3%) and LVMH (-6%), the latter suffering from fears of the economic slowdown and the effects of events in Hong Kong. Graphically, on a daily basis, prices were blocked violently at the contact of 3570 points. This second failure in this area has generated a large sales current to target the support of the 3400 points. The movements are therefore clearly visible. At this stage of the configuration, the trend remains neutral, the image of the 50 and 100-day moving averages, which have been flat for three months. In this context, oscillations should continue within the clearly identified boundaries. Any overboarding would give a more directional market sense.

Patrick Rejaunier
© MarketScreener.com 2019
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Euro Stoxx 50 Technical Analysis Chart | MarketScreener
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Top / Flop EURO STOXX 50
ALLIANZ SE 218.1 Delayed Quote.1.28%
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 4.7785 End-of-day quote.1.09%
VIVENDI 25.42 Real-time Quote.0.99%
SIEMENS AG 99.77 Delayed Quote.0.86%
L'ORÉAL 240.7 Real-time Quote.-1.47%
KERING 469.65 Real-time Quote.-1.67%
AMADEUS IT GROUP 65.5 End-of-day quote.-1.86%
FRESENIUS SE & CO. KGAA 43.365 Delayed Quote.-2.53%
DANONE 71.96 Real-time Quote.-8.42%
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