Renta 4 | We show the European sector which includes auto and parts companies. The chart shows how it has overcome a resistance zone at 670 points, which has been in place since 2015 and which had served as an obstacle in several bullish impulses. In this context of free ascent, the relative performance ratio with respect to the Eurostoxx 50 timidly overcomes the downtrend since 2018, showing a better tone for this sector. Going forward, support at 520 points, the October 2023 lows, looks key for a medium-term investor. We propose two European ETFs that replicate the performance of the STOXX 600 in this sector.
