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In the lead-up to the highly-anticipated US-Russia summit scheduled to take place in Alaska, the stocks of defense companies Rheinmetall, Hensoldt, and Renk are under close scrutiny. These defense stocks are currently experiencing a decline at the start of the week, with the crucial levels for each stock being worth monitoring.
Hensoldt (HNSDF)
Hensoldt's shares have recently traded around the 96.69 to 98.52 EUR range, with a 52-week range of 31.79 to 125.34 EUR. The Relative Strength Index (RSI) for Hensoldt currently stands at 40.60, indicating it is not overbought. Key support for the stock may lie near the mid-90s EUR level, while resistance could be around the 100 EUR psychological mark.
RENK
Shares of RENK closed recently at EUR 62.50 after gaining 2.5%, boosted by strong half-year figures. Monitoring the 62-63 EUR level as immediate support/resistance is essential, given the recent positive momentum.
Rheinmetall
As a dominant European land systems and ammunition supplier, Rheinmetall holds a strong position in defense markets. While specific price levels are not provided, given the geopolitical context, it would be prudent to watch for its current trading range and potential reaction zones aligned with rising defense budgets and tension events.
Investors should keep an eye on these stocks' price levels, as they can signal either bullish momentum (resistance breaks) or vulnerability (support breaches). For Hensoldt, the range near 96-100 EUR is crucial; for RENK, the 62-63 EUR zone; for Rheinmetall, updated technical analysis and market reactions around current price points amidst ongoing sector strength would be insightful.
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The aerospace industry could potentially be impacted by the US-Russia summit due to its ties with defense sectors, raising questions about Hensoldt's future trading, considering its 96-100 EUR range. The finance sector may also be affected, as investors watch the developments closely and consider subscribing to DER AKTIONÄR for updates on stocks like Rheinmetall, Hensoldt, and Renk.
