The Stock Exchange partially absorbs the pressures

The Athens Stock Exchange keeps its pressures under control today, which, although it remains around the zone of 960 points, also allows the internal corrections that are reasonably manifested after the last rise.

In particular, the General Index records losses of 0.32% at 961.01 points, while the turnover is at 10.1 million euros and the volume at 4.1 million units. The FTSE 25 is down 0.35% at 2,352.66 points, while the banking index is down 0.75% at 737.91 points.

With the climate in international markets remaining negative, following the latest data on inflation in both the US and Germany, it makes sense for the market to try a sideways move until it gathers strength. 954 points is the close support at present with 966 points being the resistance.

Due to the recent accumulation phase, yesterday’s recording of a new multi-year high for the General Index is not accompanied by “over-purchased” levels in the RSI oscillator, according to certified analyst Petros Steriotis. The “bulls” are called to leave behind them permanently and with dynamic volume the diagrammatic resistance of 960 units so as to avoid the risk of top (top) and reverse (reversal) in the long-term price chart and with a view to the four-digit target of 1,000 .

Otherwise, the 900 units, above which the General Index has passed throughout the current year, are a significant long-term support, always bearing in mind that no matter how much Athens Avenue “became autonomous” and finally outperformed foreign markets, the importance of the latter in creating a “stock market climate” remains. Of course, the burden of the rise is largely borne by the banking index, which, however, has already converged with the consent of fair valuations.

On the board

On the board now, Piraeus, Alpha Bank, Mytilineos and Viohalko record losses of more than 1%, while Eurobank, Motor Oil, GEK Terna, Titan, Terna Energy, OPAP, PPA, Hellenic Petroleum, Lambda are moving slightly down. OTE, Ethniki and Jumbo.

On the other hand, the rise in Sarantis, Ellactor and Aegean is over 1%, while PPC, Coca Cola and IPTO are moving slightly higher. EYDAP, Quest and ELHA are unchanged.