CAC40 INDEX - 1H - Technical analysis published on 02/08/2024 (GMT)
- 99
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 7,577.00 EUR and 7,677.47 EUR
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 7,577.00 EUR. The first resistance is located at 7,677.47 EUR. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by CAC40 INDEX.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The CAC40 INDEX price is 7,611.26 EUR. On the day, this instrument lost -0.36% with the lowest point at 7,610.18 EUR and the highest point at 7,652.85 EUR. The deviation from the price is +0.01% for the low point and -0.54% for the high point.7,610.18
7,652.85
7,611.26
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 1H of this CAC40 INDEX chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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 |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.07 | |
| MACD (12,26,9): | 3.4300 | |
| Directional Movement: | -0.99 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 7,625.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,652.85 | |
| Elder Ray (13): | -7.37 | |
| Super Trend (3,10): | 7,593.72 | |
| Zig ZAG (10): | 7,611.26 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 32.48 | |
| TEMA (21): | 7,628.55 | |
| Williams %R (14): | -94.22 | |
| Chande Momentum Oscillator (20): | -11.27 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.52 |
| MA7: | 7,622.20 | |
| MA20: | 7,505.28 | |
| MA50: | 7,481.80 | |
| MA100: | 7,276.78 | |
| MAexp7: | 7,622.80 | |
| MAexp20: | 7,621.06 | |
| MAexp50: | 7,613.20 | |
| MAexp100: | 7,583.42 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +1.73% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.37% |
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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