European Indices TA — Wednesday, 28 October 2026

The Euro Stoxx 50 trades at 6,157, down 0.12%, showing mild bearish pressure as it remains below the SMA20 (6,170) and SMA50 (6,279), though above the SMA200 (6,107). The RSI-14 at 53 suggests neutral momentum. Resistance at 6,200 (R1) and descending trendlines near 6,181 (20d) and 6,241 (50d) cap upside, while support lies at 5,975 (S1) with additional descending trendline support near 6,002–6,003. Multiple unconfirmed double-top patterns (50–57% confidence) signal potential bearish reversal risks. A break below 6,107 (SMA200) could accelerate declines toward 5,975, while reclaiming 6,200 may shift sentiment neutral-to-bullish. The near-term bias is cautiously bearish within the broader 5,975–6,200 range.

The DAX 40 trades at 25,561, down 0.12%, showing mild bearish pressure near the SMA50 (25,581) as the RSI-14 at 59 suggests moderate bullish momentum. The index remains above key SMAs (SMA20 at 25,305, SMA200 at 24,882), indicating underlying strength, but faces resistance at R1 (25,802) and R2 (26,596). Support levels are noted at S1 (24,731) and lower. Three bearish Double Top patterns (50%, 59%, 77% confidence) suggest potential downside if price breaks below 25,305. Short-term trendlines show ascending support (20d: 25,074) and resistance (20d: 25,866), while the 50d descending resistance (25,625) reinforces near-term selling pressure. A break above 25,802 could negate bearish signals.

The CAC 40 trades marginally lower at 7,881 (-0.08%), holding above the immediate support at 7,852 (S1) but facing resistance near 7,997 (R1). The RSI-14 at 54 suggests neutral momentum, while the price remains below key SMAs (SMA50 at 8,077, SMA200 at 8,205), indicating a bearish broader trend. A cluster of unconfirmed Double Top patterns (50% confidence) signals potential downside risk if 7,852 fails. Short-term trendlines show ascending support (20-day at 7,742) and descending resistance (50-day at 7,919), suggesting consolidation. A break below 7,852 could target S2 at 7,705, while surpassing R1 may challenge the 20-day resistance at 8,014. The index remains range-bound with a cautious bias amid mixed technical signals.

The FTSE 100 trades at 10,655, down 0.30%, with the RSI-14 at 62 indicating moderate bullish momentum. The index remains above the rising SMA20 (10,646) but below the declining SMA50 (10,704), suggesting near-term consolidation. Multiple bearish double-top patterns (93%, 82%, and 56% confidence) signal potential downside risk if resistance at R1 (10,851) holds. Immediate support lies at S1 (10,372), with stronger levels at S2 (10,115) and S3 (9,622). Short-term trendlines show ascending support near 10,652 and resistance at 11,074, while the 50-day descending resistance (10,873) reinforces overhead pressure. A break below SMA20 could accelerate declines toward key support zones.

The IBEX 35 trades at 18,949, down 1.10%, with the RSI-14 at 36 indicating near-oversold conditions. The index remains below key SMAs (20d: 19,132; 50d: 19,529), signaling bearish momentum, though the 200d SMA at 18,668 provides underlying support. Resistance levels are marked at 19,495 (R1), 20,008 (R2), and 20,342 (R3), while supports sit at 18,015 (S1), 17,468 (S2), and 16,545 (S3). Multiple Double Top patterns (82%, 50%, 95% confidence) reinforce bearish sentiment. Short-term trendlines show descending resistance at 19,209 (20d) and 19,301 (50d), with supports at 18,773 (20d) and 18,450 (50d). The technical outlook remains cautious, with downside risks prevailing unless resistance breaks.

The FTSE MIB trades at 49,554 (-0.15%), showing mild bearish pressure below the SMA20 (49,701) and SMA50 (51,151), while holding above the SMA200 (49,349). The RSI-14 at 45 suggests neutral momentum with a slight bearish bias. A cluster of Double Top patterns (94% and 50% confidence) signals potential downside, reinforced by descending resistance at 49,803 (20-day) and 50,707 (50-day). Immediate support lies at 49,224 (S1), with stronger levels at 42,862 (S2). Resistance is marked at 50,214 (R1) and 52,925 (R2). The index remains in a consolidation phase, but bearish patterns and weak RSI may test lower supports if selling pressure persists.

The AEX Amsterdam trades at 1,135, down 0.47%, with the RSI-14 neutral at 50. The index holds above key SMAs (20-day at 1,130; 50-day at 1,116; 200-day at 1,056), suggesting near-term support. However, multiple bearish double-top patterns (95% and two 50% confidence levels) signal potential downside risk. Resistance is noted at 1,147, while support levels sit at 1,092, 988, and 944. The 20-day trendline shows ascending support at 1,130 and resistance at 1,159, while the 50-day trendline aligns support at 1,110 and resistance at 1,155. The technical setup indicates caution, with bearish patterns weighing on upside momentum despite short-term SMA support.