Collapsing the European banking sector ... new strong losses in price levels of 2009 .. STOXX® Europe 600 Banks

Market comment ..

After the devastating losses Friday because of the British referendum result and BREXIT .. ... a new strong corrective movement this time ..... the STOXX® Europe 600 Banks following the general trend in European markets recording .. but multiple casualties ... for a second day ..... losses of 7.24% at 119.73 m ... now moving to levels of March 2009 .. !!!

STOXX® Europe 600 Banks

The STOXX® Europe 600 Banks ... after stabilization effort made in opening markets .. tried to move to the level of 128.64 m .. and strong long-term support of 130.04 m .. given  reaction signs. ..

..  but to no avail, and then under the weight mainly losses of German Banks collapsed ... .. now moving to the level of 116.87 ... price level which is the last bastion of defense before the ... lows of March 2009 ... on 87.17 ..

Note that both the oscillator pointer fast stochastic .. and the oscillator MACD index .. have set aside the input signal of the previous days ... giving more output .. by any chance the bulls ... after the destructive course the industry to focus on the level of 116.87 m .. any reaction to the level of 130.04 m ..

Symbol SX7P
Calculation Realtime
Dissemination period 09:00 CET-18:00 CET
ISIN EU0009658806
Bloomberg ID BBG000P5WS49
Free Float Mcap 720'162.212 MEUR
Last value 119.74
Daily change (absolute) -7.24% (-9.34)


Week to week change -16.86%
52 week change -44.00%
Year to date change -34.44%
Daily low 118.96 (14:25)
Daily high 128.64 (09:08)
52 week low 118.96 (Jun. 27, 2016)
52 week high 227.47 (Jul. 21, 2015)

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