Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Stoxx 600 May Return to Its Lowest This Year: Technical Analysis

Nov. 21 (Bloomberg) -- The Stoxx Europe 600 Index may return to its lowest this year if the benchmark measure fails to rebound from a level it set in August, according to Ouri Mimran, a technical analyst at Natixis in Paris.

Mimran said the gauge began an inverted head-and-shoulders pattern when it set a low of 217.37 on Aug. 9. The Stoxx 600 will rally from that level this week, climbing to its next resistance level of 250.7, or it will fall below the August level, probably declining to its Sept. 23 low of 209.26, Mimran wrote in a note today. The 209.26 level was the index’s lowest this year.

“If the index can rebound a third time from the first low point, that’s positive,” Mimran said in a telephone interview. “A rebound from 217 can give the market a bit of air. It’s the last point where the market can find support. If it doesn’t, we’ll go much lower.”

In technical analysis, investors and analysts study charts of trading patterns and prices to predict changes in a security, commodity, currency or index. They look for support levels that may stop prices from falling and resistances that act as ceilings limiting gains.

To contact the reporter on this story: Adria Cimino in Paris at

To contact the editor responsible for this story: Andrew Rummer at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.