CAC 40 EQUAL WEIGH - 1H - Technical analysis published on 01/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 2,420.25 EUR
My targets
2,447.45 EUR (+0.67%)
2,487.33 EUR (+2.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC 40 EQUAL WEIGH as long as the price remains well above 2,420.25 EUR. The buyers' bullish objective is set at 2,447.45 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,487.33 EUR. If there is any crossing, the next objective would be the resistance located at 2,597.02 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The CAC 40 EQUAL WEIGH rating is 2,431.15 EUR. The price registered a decrease of -0.03% on the session and was between 2,420.10 EUR and 2,440.99 EUR. This implies that the price is at +0.46% from its lowest and at -0.40% from its highest.2,420.10
2,440.99
2,431.15
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAC 40 EQUAL WEIGH in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,349.67 | 2,394.93 | 2,420.25 | 2,431.15 | 2,433.44 | 2,447.45 | 2,487.33 |
| Change (%) | -3.35% | -1.49% | -0.45% | - | +0.09% | +0.67% | +2.31% |
| Change | -81.48 | -36.22 | -10.90 | - | +2.29 | +16.30 | +56.18 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,399.61 | 2,409.86 | 2,420.50 | 2,430.75 | 2,441.39 | 2,451.64 | 2,462.28 |
| Camarilla | 2,425.41 | 2,427.32 | 2,429.24 | 2,431.15 | 2,433.07 | 2,434.98 | 2,436.90 |
| Woodie | 2,399.82 | 2,409.96 | 2,420.71 | 2,430.85 | 2,441.60 | 2,451.74 | 2,462.49 |
| Fibonacci | 2,409.86 | 2,417.84 | 2,422.77 | 2,430.75 | 2,438.73 | 2,443.66 | 2,451.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,261.49 | 2,286.57 | 2,301.54 | 2,326.62 | 2,341.59 | 2,366.67 | 2,381.64 |
| Camarilla | 2,305.49 | 2,309.16 | 2,312.83 | 2,316.50 | 2,320.17 | 2,323.84 | 2,327.51 |
| Woodie | 2,256.43 | 2,284.04 | 2,296.48 | 2,324.09 | 2,336.53 | 2,364.14 | 2,376.58 |
| Fibonacci | 2,286.57 | 2,301.87 | 2,311.32 | 2,326.62 | 2,341.92 | 2,351.37 | 2,366.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,088.23 | 2,186.27 | 2,251.38 | 2,349.42 | 2,414.53 | 2,512.57 | 2,577.68 |
| Camarilla | 2,271.63 | 2,286.59 | 2,301.55 | 2,316.50 | 2,331.46 | 2,346.41 | 2,361.37 |
| Woodie | 2,071.78 | 2,178.04 | 2,234.93 | 2,341.19 | 2,398.08 | 2,504.34 | 2,561.23 |
| Fibonacci | 2,186.27 | 2,248.59 | 2,287.09 | 2,349.42 | 2,411.74 | 2,450.24 | 2,512.57 |
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): | 67.88 | |
| MACD (12,26,9): | 16.2300 | |
| Directional Movement: | 19.49 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 2,441.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,426.48 | |
| Elder Ray (13): | 5.89 | |
| Super Trend (3,10): | 2,410.82 | |
| Zig ZAG (10): | 2,431.88 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 74.72 | |
| TEMA (21): | 2,442.66 | |
| Williams %R (14): | -36.65 | |
| Chande Momentum Oscillator (20): | 6.55 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 2.24 |
| MA7: | 2,369.35 | |
| MA20: | 2,360.78 | |
| MA50: | 2,366.26 | |
| MA100: | 2,289.43 | |
| MAexp7: | 2,431.74 | |
| MAexp20: | 2,419.04 | |
| MAexp50: | 2,390.83 | |
| MAexp100: | 2,373.59 | |
| Price / MA7: | +2.61% | |
| Price / MA20: | +2.98% | |
| Price / MA50: | +2.74% | |
| Price / MA100: | +6.19% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +1.69% | |
| Price / MAexp100: | +2.43% |
Quotes :
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15 min delayed data
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Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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