The AEX price has encountered crucial resistance on its weekly chart. This is the 20-week average (orange), which corresponds almost exactly to the current price (white).
Will the momentum come back?
After a short dip below the 50-week average, the AEX price appears to have entered a period of recovery.
From that point on, at approximately 860 points for the AEX, the Amsterdam stock exchange index started to recover. Since that recovery, it has already risen by more than 30 points to the current price of 894 points.
Now the big question is whether the AEX can manage to break the resistance at 894 points, and most likely a similar resistance at 900 points.
Does that work? Then the AEX could continue its rise, and we might see a continuation of the bull market.
How did the AEX perform in 2024?
In any case, an increase of 13.16% is expected for the AEX for the entire year of 2024; and over the past year there has been an increase of 15.05% for the stock market index.
The year started even better for the AEX, because after a few months there was an increase of more than 20% and the stock market index performed better than the S&P 500 and Nasdaq.
In the meantime, none of this is left for a while, and it is mainly the American stock market indices that are calling the shots. Could that change in the coming months, or will the picture remain the same?
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Source: https://newsbit.nl/aex-koers-loopt-tegen-cruciale-weerstand-aan/
