CAC40 INDEX - 15 min. - Technical analysis published on 02/08/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 7,624.76 EUR
My targets
7,596.68 EUR (-0.19%)
7,582.09 EUR (-0.38%)
My analysis
CAC40 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7,624.76 EUR. The next support located at 7,596.68 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7,582.09 EUR. Below this support, sellers could then target 7,554.01 EUR.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC40 INDEX price is 7,611.26 EUR. The price is lower by -0.36% since the last closing and was traded between 7,610.18 EUR and 7,652.85 EUR over the period. The price is currently at +0.01% from its lowest and -0.54% from its highest.7,610.18
7,652.85
7,611.26
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC40 INDEX:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this CAC40 INDEX chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7,382.52 | 7,495.84 | 7,577.00 | 7,611.26 | 7,677.47 |
| Change (%) | -3.01% | -1.52% | -0.45% | - | +0.87% |
| Change | -228.74 | -115.42 | -34.26 | - | +66.21 |
| Level | Major | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,554.01 | 7,582.09 | 7,596.68 | 7,624.76 | 7,639.35 | 7,667.43 | 7,682.02 |
| Camarilla | 7,599.53 | 7,603.44 | 7,607.35 | 7,611.26 | 7,615.17 | 7,619.08 | 7,622.99 |
| Woodie | 7,547.26 | 7,578.72 | 7,589.93 | 7,621.39 | 7,632.60 | 7,664.06 | 7,675.27 |
| Fibonacci | 7,582.09 | 7,598.39 | 7,608.46 | 7,624.76 | 7,641.06 | 7,651.13 | 7,667.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,407.69 | 7,488.88 | 7,540.57 | 7,621.76 | 7,673.45 | 7,754.64 | 7,806.33 |
| Camarilla | 7,555.72 | 7,567.90 | 7,580.08 | 7,592.26 | 7,604.44 | 7,616.62 | 7,628.80 |
| Woodie | 7,392.94 | 7,481.51 | 7,525.82 | 7,614.39 | 7,658.70 | 7,747.27 | 7,791.58 |
| Fibonacci | 7,488.88 | 7,539.64 | 7,571.00 | 7,621.76 | 7,672.52 | 7,703.88 | 7,754.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,969.07 | 7,125.08 | 7,390.92 | 7,546.93 | 7,812.77 | 7,968.78 | 8,234.62 |
| Camarilla | 7,540.74 | 7,579.41 | 7,618.08 | 7,656.75 | 7,695.42 | 7,734.09 | 7,772.76 |
| Woodie | 7,023.98 | 7,152.54 | 7,445.83 | 7,574.39 | 7,867.68 | 7,996.24 | 8,289.53 |
| Fibonacci | 7,125.08 | 7,286.23 | 7,385.79 | 7,546.93 | 7,708.08 | 7,807.64 | 7,968.78 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.21 | |
| MACD (12,26,9): | -3.8600 | |
| Directional Movement: | -12.10 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 7,619.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,631.59 | |
| Elder Ray (13): | -8.90 | |
| Super Trend (3,10): | 7,632.33 | |
| Zig ZAG (10): | 7,611.26 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 1.57 | |
| TEMA (21): | 7,614.93 | |
| Williams %R (14): | -96.22 | |
| Chande Momentum Oscillator (20): | -18.35 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.28 |
| MA7: | 7,622.20 | |
| MA20: | 7,505.28 | |
| MA50: | 7,481.80 | |
| MA100: | 7,276.78 | |
| MAexp7: | 7,617.61 | |
| MAexp20: | 7,623.71 | |
| MAexp50: | 7,624.16 | |
| MAexp100: | 7,621.40 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +1.73% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.13% |
Quotes :
-
15 min delayed data
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Euronext Indices
News
Don't forget to follow the news on CAC40 INDEX. At the time of publication of this analysis, the latest news was as follows:
-
CAC Forecast January 18, 2023
-
CAC (France 40) Forecast January 13, 2023
-
CAC Forecast January 11, 2023
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DAX and CAC Forecast July 15, 2022
-
DAX and CAC Forecast July 5, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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