Global Stock Market Indices: How the World Markets Performed Today - 20 December, 2024

Global Market Performance: Technical Indicators Perspective (December 19-20, 2024)

The global stock indices exhibited varying performances across different regions during December 19-20, 2024. These fluctuations can be analyzed through the lens of technical indicators such as Relative Strength Index (RSI), Moving Averages (EMA), and Moving Average Convergence Divergence (MACD). 

These indicators provide insights into the momentum, trend direction, and potential price reversals in the market. Below, we will explore the key movements of major stock indices globally, focusing on their open, close, and percentage changes over this two-day period.

 

 

Technical Indicators Breakdown for Each Market

US Market:

S&P 500 (US)

• % Change: -0.09% | Points Change: -5.08 | Open: 5912.71 | Close: 5867.08
• The S&P 500 experienced a slight decline of 0.09%. Despite this, the technical indicators show a bearish sentiment in the market.

 

• 50 EMA: Trading below the 50-day EMA suggests a short-term bearish trend.
• 200 EMA: The index is below the 200-day EMA, signaling long-term downward momentum.
• RSI: At 35.64, approaching oversold territory, suggesting the potential for a reversal.
• MACD: The negative value of -5.99 indicates bearish momentum.
• MACD Signal: The MACD Signal Line of 13.59 reinforces the downtrend.

 

 

Dow Jones Industrial Average (US)

• % Change: 0.04% | Points Change: -52.95 | Open: 42464.13 | Close: 42342.24
• The Dow Jones posted a marginal increase of 0.04%, with a negative points change of -52.95.

 

• 50 EMA: The price remains below the 50-day EMA, indicating short-term weakness.
• 200 EMA: Also below the 200-day EMA, pointing towards a long-term bearish outlook.
• RSI: The RSI of 27.17 places the market in oversold territory, signaling a potential reversal.
• MACD: The negative MACD value of -287.99 suggests continued bearish momentum.
• MACD Signal: The MACD Signal Line of -52.95 indicates that the downtrend remains intact.

 

 

NASDAQ Composite (US)

• % Change: -0.10% | Points Change: -19.92 | Open: 19565.66 | Close: 19372.77
• The NASDAQ experienced a small decline of 0.10%, indicating a neutral to bearish sentiment.

 

• 50 EMA: Trading below the 50-day EMA suggests a negative short-term trend.
• 200 EMA: Below the 200-day EMA, which highlights long-term bearish sentiment.
• RSI: The RSI of 47.95 signals neutrality, with no clear momentum in either direction.
• MACD: Positive MACD value of 125.01 suggests a slight bullish divergence, though weak.
• MACD Signal: The MACD Signal Line of 155.42 supports the neutral trend in the market.

 

European Market:

FTSE 100 (UK)

• % Change: -0.91% | Points Change: -73.74 | Open: 8105.32 | Close: 8031.56
• The FTSE 100 showed a significant decline of 0.91%, reflecting economic challenges in the UK.

 

• 50 EMA: Below the 50-day EMA, confirming a bearish short-term trend.
• 200 EMA: Price remains below the 200-day EMA, indicating long-term weakness.
• RSI: At 35.08, near oversold levels, suggesting the potential for a price reversal.
• MACD: The negative MACD value of -2.03 indicates continued bearish momentum.
• MACD Signal: The MACD Signal Line of 20.90 confirms that the downtrend may persist.
  
  

 

DAX (Germany)

• % Change: -1.31% | Points Change: -261.19 | Open: 19822.87 | Close: 19708.67
• The DAX experienced a significant decline of 1.31%, driven by economic uncertainty in Europe.

 

• 50 EMA: Trading below the 50-day EMA suggests a short-term bearish outlook.
• 200 EMA: Below the 200-day EMA, which indicates negative long-term sentiment.
• RSI: The RSI of 43.42 is in the neutral range, signaling a lack of strong momentum in either direction.
• MACD: Positive MACD of 133.99 suggests slight bullish divergence, though the downtrend continues.
• MACD Signal: The MACD Signal Line of 195.19 indicates that the downward pressure could persist.

CAC 40 (France)

• % Change: -1.24% | Points Change: -90.51 | Open: 7244.15 | Close: 7203.86
• The CAC 40 in France dropped 1.24%, reflecting broader downward trends in European markets.

 

• 50 EMA: Below the 50-day EMA, confirming a bearish short-term outlook.
• 200 EMA: The 200-day EMA confirms a long-term downtrend.
  RSI: The RSI value of 38.09 signals selling pressure in the market.
• MACD: The negative MACD of -1.18 indicates downward momentum.
• MACD Signal: The MACD Signal Line of 16.79 suggests continued downward pressure.

IBEX 35 (Spain)

• % Change: -0.85% | Points Change: -97.60 | Open: 11379.10 | Close: 11342.30
• The IBEX 35 in Spain experienced a modest decline of 0.85%, showing mixed market sentiment.

• 50 EMA: Below the 50-day EMA, signaling a negative short-term trend.
• 200 EMA: The 200-day EMA confirms the bearish sentiment in the market.
• RSI: The RSI at 31.87 signals moderate oversold conditions, suggesting a possible price reversal.
• MACD: The negative MACD of -41.16 indicates bearish momentum.
• MACD Signal: The MACD Signal Line of 16.54 suggests that downward pressure could continue.

Asian Market:


Nikkei 225 (Japan)

• % Change: -0.29% | Points Change: -111.68 | Open: 38950.28 | Close: 38701.90
• The Nikkei 225 posted a small decline of 0.29%, reflecting weakness in Asian markets.

• 50 EMA: Below the 50-day EMA, signaling bearish short-term momentum.
• 200 EMA: The 200-day EMA confirms a downtrend, indicating long-term weakness.
• RSI: The RSI value of 44.96 indicates neutral conditions.
• MACD: Positive MACD of 71.96 suggests a slight bullish divergence in the short term.
• MACD Signal: The MACD Signal Line of 121.40 indicates that the bearish trend may continue.

Hang Seng Index (Hong Kong)

• % Change: -0.16% | Points Change: -31.81 | Open: 19697.06 | Close: 19720.70
• The Hang Seng posted a minor decline of 0.16%, reflecting moderate market conditions in Hong Kong.

• 50 EMA: The index is below its 50-day EMA, suggesting a short-term bearish trend.
• 200 EMA: The price remains below the 200-day EMA, reinforcing a long-term downtrend.
• RSI: The RSI value of 45.34 signals neutral momentum.
• MACD: Positive MACD of 16.98 suggests slight bullish divergence. MACD Signal: The MACD Signal Line of 32.84 indicates neutral market conditions.

 

Summary

In summary, the global stock markets have displayed bearish tendencies over December 19-20, 2024, with most major indices trading below key moving averages and showing downward momentum in their technical indicators.

The RSI values signal potential oversold conditions, particularly in the US markets, indicating a chance for short-term rebounds.

However, MACD values suggest the presence of continued bearish momentum across these indices.

Investors should remain cautious, as the global economic uncertainty continues to weigh on market sentiment.