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ATX Technical Chart: Indicators are giving sell signals

ATX Technical Chart: Indicators are giving sell signals

October 28, 2023, 832 characters

ATX Chart Technology Forecast from Erste Group’s Equity Weekly: “ATX is down -1.9% weekly. Year-to-date performance has been -3%. The index has also recently fallen slightly below the medium-term uptrend line but remains above the important psychological level Mark 3000 points.

Key technical indicators such as MACD, DMI and Parabolic System continue to give sell signals. Currently the parabolic system will give a buy signal again only when the 3,105 point mark is crossed.

The index is currently going through a weak phase, and is expected to continue. We expect ATX to weaken further next week. It should be around 2970-3020 points.”

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