Research March 22, 2024


Price movement AEX Index

It's Friday, March 22, and the AEX stands at 874 in the morning, 17 points higher than a week ago.

The AEX has been dancing around the initial target of 875 for a few weeks. In week 10, the index shot up to 872 on good news from the Tech sector, only to fall back to 851. Then, last week, the news came that many investors had been waiting for. The FED announced, that it would lower the interest rate to around 4.6% this year. Currently, the main interest rate is 5.5%. This means we have already received all the good news, that was in the air for now. The AEX then set a new high this week at 876.

What is the expected trend for the AEX Index?

In addition to fundamental factors, our algorithm suggests that we can expect a new top slightly higher than the current one. The initial target from the current level is 890, with a high probability that the AEX will first correct to 866.

Once we reach 890, the exit scenario will come into play, and the algorithm will seek an optimal point to close the ongoing long position. The possibility of a larger correction increases around 890. This correction could be significant and, will ultimately pave the way for the ultimate target of 920.

For now, the technical expectation for the AEX is a slight correction, a maximum of up to 866. Then, a rise towards the target of 890, followed by sharp timing for the exit.

Backtrack: Read our outlook on the AEX Index from March 15, 2024


Price movement in the Nasdaq

Above, you will find the chart of the Nasdaq100 future since the beginning of this year, clearly showing the current upward trend driven by the massive growth and expectations of the Tech stocks.

Currently, the Nasdaq future is at 18,550, about 300 points higher than the end of last week. For the Nasdaq, the same scenario applies to the AEX. The algorithm expects one last rise towards the target of 19,000 after a slight correction. Around that level, the exit scenario will be activated. The algorithm already took a long position on February 22nd.

What is the expected trend for the Nasdaq?

The initial target for the Nasdaq is 19,000, but the ultimate target for 2024 is 22,500. For the Nasdaq, the system will be focused first on the target and then on a possible decline as a larger correction within the major upward trend in the coming weeks.


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' insights and experiences. They are therefore for educational purposes only.


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