Price development AEX
The AEX is at 909 in the morning session, which is 2 points higher than last week. With the highest point of 914 in the past week, the index is slightly pulling back today but continues its upward trend toward our target of 935.
Above, you will find the chart of the AEX over the past four weeks. You can see the volatile period and the breakout from the 893-895 range, followed by the rise to 914.
Expectation price development AEX Index
In the past week, the AEX has shown a relatively calm price movement between 908 and 915. An important moment was the release of the Producer Price Index on Tuesday, which has negatively impacted the stock markets. This caused an immediate drop of 0.5% in the AEX. The fall was well absorbed, and the market rebounded the same day. On Wednesday, the important Consumer Price Index was released, which was slightly positive for the market. Consequently, the AEX rose to its highest point of just over 914. This morning, the AEX has fallen back to 909, partly due to Shell's ex-dividend.
This sideways pattern does not prompt any adjustments in the algorithm. The short-term target is 935. In the coming week, we should consider a slight correction to around 900, followed by a continuation to 935.
In the long-term scenario, the outlook remains extremely positive with a target for the AEX of 1025, and the system even suggests a possible extension to 1130.
Backtrack: Read our outlook on the AEX Index from June 14, 2024
Price development Nasdaq
The Nasdaq futures are currently at 18,735, which is 500 points higher than last week.
At this level, the first price target has been reached. The Nasdaq shows such strong upward momentum that, although a slight correction to around 18,400 can be expected, the target of 21,500 is sharply in sight. The most probable scenario only changes if the Nasdaq future falls below the 17,000-point threshold.
Below is the chart of the Nasdaq100 futures as of October 2023. You can see the substantial corrective decline from mid-March to mid-April and the uptrend with the first price target of 18700 after that.
Important stock-related news
No major macroeconomic figures will be released in the coming week.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
