Bayer

 

Updated on 11th March 2024.

 

Outlook is very bearish.

 

Click here for chart of Bayer.

 

Trading at €26.27 which is below the downward trending 150 simple moving average at €37.80, indicating a bearish outlook. The stock has fallen to a 20 year low, thereby pointing to a very bearish outlook. A rally up to the €60 level would be required to provide evidence of a breakout from the current downward trend.

 

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L’Oreal

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of L’Oreal.

 

Trading at €449 which is above the upward trending 150 day simple moving average at €421.79, indicating a bullish outlook. The recent breakthrough the previous all time high of €442.60 reached in 2023, points to a very bullish outlook. A fall below €385 would be required to provide evidence of a breakdown of the current upward trend.

 

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Banco Santander

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of Banco Santander.

 

Trading at €3.99 which is close to the upward trending 150 day simple moving average, indicating a bullish outlook. The stock also appears to have broken out of a long term downtrend. However, the large number of 'stale bulls' are likely to impede upward progress, thereby pointing to a moderately bullish outlook. A fall below €3.15 would indicate that the new tentative upward trend has broken down.

 

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BASF

 

Updated on 11th March 2024.

 

Outlook is bearish.

 

Click here for chart of BASF.

 

Trading at €48.81 which is slightly above the volatile 150 day simple moving average. However, the stock has trended downwards since the highs of 2018, thereby indicating a bearish outlook. A rally to the €70 level would be required to provide evidence of a breakout from the current downward trend.

 

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Air Liquide

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Air Liquide.

 

Trading at €193.66 which is above the upward trending 150 day simple moving average at €169.96, indicating a bullish outlook. The recent move to a new all time high points to a very bullish outlook. A fall below €150 would be required to provide evidence of a breakdown of the current upward trend.

 

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Iberdrola

 

Updated on 11th March 2024

 

Outlook is bullish.

 

Click here for chart of Iberdrola.

 

Trading at €10.99 which is close to the volatile 150 day simple moving average. The stock is encountering resistance around the €12 to €12.50 level of the previous all time highs. Also, it has exhibited a pattern of higher lows, thereby indicating a bullish outlook. A fall below €9 would be required to provide evidence of a breakdown of the current upward trend.

 

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Vinci

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Vinci.

 

Trading at €118.06 which is above the upward trending 150 day simple moving average at €110.69, indicating a bullish outlook. The recent breakthrough to a new all time high, points to a very bullish outlook. A fall below €80 would be required to provide evidence of a breakdown of the current upward trend.

 

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Enel

 

Updated on 11th March 2024.

 

Outlook is moderately bearish.

 

Click here for chart of Enel.

 

Trading at €6.16 which is on the 150 day simple moving average and the latter has recently turned downwards, indicating a bearish outlook. The upward trend channel, evident since late 2022, remains intact. However, the large number of 'stale bulls' in the stock are likely to impede upward progress, therefore the outlook remains moderately bearish. A rally above the key €7 level (which has previously acted as resistance or support) would be required to provide evidence of a change in outlook from bearish to bullish.

 

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Safran

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Safran.

 

Trading at €194.86 which is above the upward trending 150 day simple moving average, indicating a bullish outlook. The recent breakthrough to new all time highs, creates a very bullish outlook. A fall below €150, with that level then acting as resistance, would be required to provide evidence of a breakdown of the current upward trend.

 

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Danone

 

Updated on 11th March 2024.

 

Outlook is moderately bearish.

 

Click here for chart of Danone.

 

Trading at €58.55 which is close to the upward trending 150 day simple moving average. However, the large number of 'stale bulls' in this stock are likely to impede upward progress, thereby indicating a moderately bearish outlook. A rally to the €70 level would be required to provide evidence of a breakout from the current downward trend.

                                                    

 

BNP Paribas

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of BNP Paribas.

 

Trading at €59.07 which is at the volatile 150 day simple moving average. The stock has encountered resistance at the €60 to €70 level for the past 15 years, but has recently demonstrated a pattern of higher lows. That indicates a moderately bullish outlook. A fall below €40 would be required to provide evidence of a change in outlook from bullish to bearish.

 

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Adidias

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of Adidas.

 

Trading at €92.50 which is above the upward trending 150 day simple moving average at €87.15, indicating a bullish outlook. However, the old support level at €100 is likely to act as a new resistance level, thereby impeding upward progress, indicating a moderately bullish outlook. A fall below €75 would be required to provide evidence of a breakdown of the current upward trtend.

 

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Deutsche Telekom

 

Updated on 11th March 2024.

 

Outlook is bullish.

 

Click here for chart of Deutsche Telekom.

 

Trading at €21.80 which is at the upward trending 150 day simple moving average, indicating a bullish outlook. A fall below €17.50 would be required to provide evidence of a breakdown of the current upward trend.

 

                                   

Axa

 

Updated on 11th March 2024.

 

Outlook is bullish.

 

Click here for chart of Axa.

 

Trading at €32.92 which is above the upward trending 150 day simple moving average at €29.44, indicating a bullish outlook. The stock is now challenging the all time high reached back in 2007, and a breakthrough that level would be a very bullish indicator. A fall below €25 would be required to provide evidence of a breakdown of the current upward trend.

 

 

Schneider Electric

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Schneider Electric.

 

Trading at €209.85 which is above the upward trending 150 day simple moving average at €173.71. The recent breakthrough the previous all time high of €173 reached in 2021, indicates a very bullish outlook. A fall below €140 would be required to provide evidence of a breakdown of the current upward trend.

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Philips

 

Updated on 11th March 2024.

 

Outlook is moderately bearish.

 

Click here for chart of Philips

 

Trading at €19.37 which is at the 150 day simple moving average, and the latter has turned downwards, indicating a bearish outlook. However, the stock has traded within an upward trend channel since the lows of 2023, moderating the bearish outlook. A rally above the resistance level at €20 would be required to provide evidence of a change in outlook from bearish to bullish.

 

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Essilor – Luxottica

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Essilor-Luxottica.

 

Trading at €205.10 which is above the upward trending 150 day simple moving average at €179.53, indicating a bullish outlook. The recent breakthrough of the previous all time high of €193 reached in 2021, points to a very bullish outlook. A fall below €140 would be required to provide evidence of a breakdown of the current upward trend.

 

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Mercedes-Benz (formerly Daimler)

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of Mercedes-Benz.

 

Trading at €72.22 which is above the volatile 150 day simple moving average at €64.18. The stock is encountering resistance at the €70 to €75 level, which has been evident since 2015, but has recently had a pattern of higher lows, thereby indicating a moderately bullish outlook. A fall below €50 would be required to provide evidence of a breakdown of the current upward trend.

 

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ING Group

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of ING Group.

 

Trading at €13.58 which is above the upward trending 150 day simple moving average at €12.76. There is a resistance level ahead at €15, thereby indicating a moderately bullish outlook. A fall below  €10 would provide evidence of a change in outlook from bullish to bearish.

                                                          

 

Intesa Sanpaolo

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of Intessa Sanpaolo.

 

Trading at €3.05 which is above the upward trending 150 day simple moving average at €2.65, indicating a bullish outlook. However, the stock has encountered resistance above the €3 level int he past, and is likely to do so again, thereby indicating a moderately bullish outlook. A fall below the €2 support level would be required to provide evidence of a change in outlook from bullish to bearish.

 

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Kering

 

Updated on 11th March 2024.

 

Outlook is very bearish.

 

Click here for chart of Kering.

 

Trading at €414.60 which is at the downward trending 150 day simple moving average. Also, the stock has fallen below the 'neckline' of a 'head and shoulders' formation, indicating a very bearish outlook, and a possible fall to the €250 level. A rally to €615 would be required to provide evidence of a change in outlook from bearish to bullish.

 

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Muenchener Rueck (Munich Re)

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Munich Re.

 

Trading at €436.50 which is above the upward trending 150 day simple moving average at €386.95, indicating a bullish outlook. The recent succession of new highs points to a very bullish outlook. A fall  below €300 would be required to provide evidence of a breakdown of the current upward trend.

 

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Telefonica

 

Updated on 11th March 2024.

 

Outlook is bearish.

 

Click here for chart of Telefonica.

 

Trading at €4.07 which is above the 150 day simple moving average at €3.61, but the latter has been too erratic to be a reliable indicator. The stock has continued to trade at or below a long term downward trend line, indicating a bearish outlook. A rally above €5 would be required to provide evidence of a breakout from the current downward trend.

 

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Industria de Diseno Textil

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Industria De Diseno Textil.

 

Trading at €40.37 which is above the upward trending 150 day simple moving average at €36.99. The recent breakthrough to a new all time high, points to a very bullish outlook. A fall below €30, taking the stock back to a former downward trend channel, would provide evidence of a breakdown of the current upward trend.

 

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Deutsche Post

 

Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of Deutsche Post.

 

Trading at €38.67 which is below the volatile 150 day simple moving average at €41.68. The long term upward trend remains intact, albeit somewhat erratic, thereby indicating a moderately bullish outlook. A fall below €30 would provide evidence of a change in outlook from bullish to bearish.

 

                                                                            

Orange

 

Updated on 11th March 2024.

 

Outlook is moderately bearish.

 

Click here for chart of Orange.

 

Trading at €10.59 which is slightly below the volatile 150 day simple moving average at €10.84. The stock has two barriers to surmount. Firstly, there is a resistance level ahead at €11. Secondly, there are a large number of 'stale bulls' in the stock. Therefore the outlook is moderately bearish. A rally above the €11 level, and a period of time trading above that price, would be required to provide evidence of a change in outlook from bearish to bullish.

 

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Volkswagen

 

Updated on 11th March 2024.

 

Outlook is very bearish.

 

Click here for chart of Volkswagen.

 

Trading at €135.10 which is above the downward trending 150 day simple moving average at €124., indicating a bearish outlook. Also, the large number of 'stale bulls' in the stock point to a very bearish outlook. A rally up to the €200 level would be required to provide evidence of a breakout from the current downward trend.

 

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Amadeus IT Group

 

Updated on 11th March 2024.

 

Outlook is moderately bearish.

 

Click here for chart of Amadeus.

 

Trading at €57.08 which is below the volatile 150 day simple moving average at €61.06. The stock has a pattern of lower highs since 2018, but has shown an improvement in recent performance, indicating a moderately bearish outlook. A rally above €70 would be required to provide evidence of a change from a bearish to a bullish outlook.

 

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Engie (formerly GDF Suez)

 

Updated on 11th April 2023.

 

Outlook is moderately bearish.

 

Click here for chart of Engie.

 

Trading at €15.23 which is on the upward trending 150 day simple moving average. However, the very large number of 'stale bulls' in this stock is likely to impede upward progress, indicating a moderately bearish outlook. A rally to €20, a period of time trading at that level, would be required to provide evidence of a change in outlook from bearish to bullish.

 

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Deutsche Borse

 

Updated on 11th March 2024.

 

Outlook is very bullish.

 

Click here for chart of Deutsche Borse.

 

Trading at €189.10 which is above the upward trending 150 day simple moving average at €174.81. The recent breakthrough the previous all time high reached in 2007, points to a very bullish outlook. A fall to the €125 level would be required to provide evidence of a breakdown of the current upward trend.

 

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Nokia

 

Updated on 11th March 2024.

 

Outlook is bearish.

 

Click here for chart of Nokia.

 

Trading at €3.31 which is close to the downward trending 150 day simple moving average, indicating a bearish outlook. A rally to €8 would be required to provide evidence of a breakoutr from the current downward trend.

 

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Ahold Delhaize

 

Updated on 11th March 2024.

 

Outlook is bullish.

 

Click here for chart of Ahold Delhaize.

 

Trading at €27.55 which is at the downward trending 150 day simple moving average. However, the stock has continued to trade within an upward trend channel, thereby indicating a bullish outlook. A fall below €25, which would take the stock below the trend channel, would provide evidence of a breakdown of the current upward trend.

 

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Vivendi

 

Updated on 11th March 2024.

 

The Vivendi share price chart is no longer meaningful for technical analysis, due to the recent sale of the majority of its stake in Universal Media Group, the proceeds of which were distributed to Vivendi shareholders by means of a special divide

 

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Societe Generale

 

Updated on 11th March 2024.

 

Outlook is moderately bearish.

 

Click here for chart of Societe Generale.

 

Trading at €23.20 which is at the flat trending 150 day simple moving average. The large number of 'stale bulls' in the stock point to a moderately bearish outlook. A rally up to the €40 level would be required to provide evidence of a change in outlook from bearish to bullish.

    

                                                                                                                      

BMW

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Updated on 11th March 2024.

 

Outlook is moderately bullish.

 

Click here for chart of BMW.

 

Trading at €107.08 which is above the volatile 150 day simple moving average at €98. The stock has traded in an upward trend channel since 2020, but is now encountering resistance as it comes closer to the all time high reached back in 2015, pointing to a moderately bullish outlook. A fall below €75 would be required to provide evide of a change in outlook from bullish to bearish.