Publication date: February 19, 2026

AEX

It is Thursday 19 February. The AEX is trading at 1,012 points in the opening session, an increase of 7 points, or 0.7 percent compared to last week. 

What happened on the AEX over the past week? 

Over the past week, the AEX moved in a volatile manner around the 1,000-point level. On Monday morning, the index opened at 997 points and on Tuesday the lowest level of the week was reached at 988 points. 

Under the influence of rising prices in heavyweight technology stocks, the index then advanced. On Thursday morning, the AEX reached 1,012 points, marking the highest level of the week so far. 

Sentiment

Market sentiment surrounding the AEX remains predominantly positive. At the same time, volatility around the 1,000-point level has increased, indicating a phase of consolidation within a broader upward trend.  

Expectation

The base scenario assumes a continuation of choppy price action around the 1,000-point level, followed by a breakout above 1,018 points. In that case, room emerges for a rise towards the short-term price target of 1,040 points. 

After reaching that level, a more substantial correction may occur towards the 970 to 980 point zone. Such a pullback could, from a technical perspective, form the foundation for a new structural upward phase towards the twelve-month price target of 1,070 points .

A close below 910 points invalidates the positive long-term scenario. In that case, the technical outlook shifts to a neutral phase with increased downside risk. As long as the 910-point level holds, the positive long-term outlook remains intact. 

Above you will find the AEX chart from July 2025 onward. The arrows illustrate the most likely scenario for the coming months. 

Nasdaq-future

On Thursday morning 19 February, the Nasdaq future is trading at 25,025 points, a decline of 325 points, or 1.3 percent compared to last week. 

What happend?

The Nasdaq future gave back the gains of the previous week and moved mainly within a range of 24,500 to 25,000 points during the reporting week. On Monday, the US markets were closed. 

On Tuesday, the lowest level of the week was reached at 24,449 points. On Wednesday, a recovery followed, with a provisional weekly high of 25,129 points being recorded. 

Expectation

In the short term, a test of the 23,500-point zone appears likely. From that level, a new upward phase could begin towards 27,000 points. This level serves as an intermediate stop within the broader upward scenario towards the long-term price target of at least 28,500 points.

Below you will find the chart of the Nasdaq future from August 2025, showing the most likely scenario. 

Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA) is currently trading at 49,760 points, a decline of 540 points, or 1.1 percent compared to last week.  

What happend?

The index started the week slightly lower and then moved without a clear trend within a range of 49,200 to 49,900 points. Price action was characterised by limited direction and decreasing momentum.  

Expectation

Within the base scenario, the index may rise towards a new provisional high around 51,000 points. 

For the medium term, the system then anticipates a corrective move towards approximately 48,500 points. Such consolidation may subsequently form the basis for a new upward phase towards the next price target of 53,700 points. 

The positive scenario becomes invalid with a close below 45,500 points. Below you will find the chart of the DJIA future from July 2025, in which the most likely scenario has been plotted.

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In the stock market agenda, we discuss the most important topics with commentary and outlook. Read here the stock market agenda from 16 February to 20 February 2026, and from Friday afternoon you can read here the stock market agenda for the week of 16 February to 20 February 2026. 

Disclaimer: Investinginvolves risks. 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.