Over the past few weeks, the technical situation of the Stoxx Europe 600 index (one of the most important benchmarks for European stock exchanges) has improved.
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Prices, after having fallen towards the end of October to 430-429 points, made a quick recovery and rebounded fairly strongly towards 460 points.
Quantitative analysis shows a clear strengthening of the bullish pressure, with the main directional indicators turning long.
After a short settlement pause, a further extension is therefore possible, with a first target in the 465-465.25 area, a second target at 470-471 and a third theoretical projection at 472.50-472.70 points (July highs).
The breakout of this area will then provide a further demonstration of strength.
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Difficult for now to hypothesise a bearish trend reversal: from a graphical point of view, in fact, only a return below 441 points could provide a negative signal.
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The following ETFs can be used to invest in the Stoxx Europe 600 index:
Bnp Paribas Stoxx Europe 600, ISIN FR0011550193. This ETF has €781m in assets under management, provides synthetic replication of the underlying (via swaps) and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.20% per annum.
iShares Stoxx Europe 600, ISIN DE0002635307. This is an ETF with €5,554m in assets under management, which provides for the physical replication of the underlying (through the purchase of the securities that make up the index) and which adopts a distribution policy (with dividends being distributed annually to investors). The total expense ratio (TER) is 0.20% per annum.
Xtrackers Stoxx Europe 600, ISIN LU0328475792. It is an ETF with €2,085m in assets under management, which provides for the physical replication of the underlying (through the purchase of securities) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.20% per annum.
Lyxor Core Stoxx Europe 600, ISIN LU0908500753. It is an ETF with €6,124m in assets under management, which provides for the physical replication of the underlying (through the purchase of securities) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.07% per annum.
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Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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