CAC 40 EQUAL WEIGH - 1H - Technical analysis published on 04/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 2,635.78 EUR
My targets
2,696.78 EUR (+1.57%)
2,722.29 EUR (+2.53%)
My analysis
The bullish trend is currently very strong on CAC 40 EQUAL WEIGH. As long as the price remains above the support at 2,635.78 EUR, you could try to benefit from the boom. The first bullish objective is located at 2,696.78 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,722.29 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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Additional analysis
Quotes
CAC 40 EQUAL WEIGH rating 2,655.12 EUR. On the day, this instrument lost -0.01% with the lowest point at 2,645.10 EUR and the highest point at 2,656.55 EUR. The deviation from the price is +0.38% for the low point and -0.05% for the high point.2,645.10
2,656.55
2,655.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,473.15 | 2,569.55 | 2,635.78 | 2,655.12 | 2,657.80 | 2,722.29 |
| Change (%) | -6.85% | -3.22% | -0.73% | - | +0.10% | +2.53% |
| Change | -181.97 | -85.57 | -19.34 | - | +2.68 | +67.17 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 2,619.84 | 2,631.19 | 2,643.27 | 2,654.62 | 2,666.70 | 2,678.05 | 2,690.13 |
| Camarilla | 2,648.92 | 2,651.07 | 2,653.21 | 2,655.36 | 2,657.51 | 2,659.66 | 2,661.80 |
| Woodie | 2,620.22 | 2,631.37 | 2,643.65 | 2,654.80 | 2,667.08 | 2,678.23 | 2,690.51 |
| Fibonacci | 2,631.19 | 2,640.14 | 2,645.67 | 2,654.62 | 2,663.57 | 2,669.10 | 2,678.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,577.32 | 2,593.27 | 2,617.14 | 2,633.09 | 2,656.96 | 2,672.91 | 2,696.78 |
| Camarilla | 2,630.06 | 2,633.71 | 2,637.36 | 2,641.01 | 2,644.66 | 2,648.31 | 2,651.96 |
| Woodie | 2,581.28 | 2,595.25 | 2,621.10 | 2,635.07 | 2,660.92 | 2,674.89 | 2,700.74 |
| Fibonacci | 2,593.27 | 2,608.48 | 2,617.88 | 2,633.09 | 2,648.30 | 2,657.70 | 2,672.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,197.46 | 2,315.02 | 2,459.70 | 2,577.26 | 2,721.94 | 2,839.50 | 2,984.18 |
| Camarilla | 2,532.27 | 2,556.31 | 2,580.35 | 2,604.39 | 2,628.43 | 2,652.47 | 2,676.51 |
| Woodie | 2,211.03 | 2,321.80 | 2,473.27 | 2,584.04 | 2,735.51 | 2,846.28 | 2,997.75 |
| Fibonacci | 2,315.02 | 2,415.19 | 2,477.08 | 2,577.26 | 2,677.43 | 2,739.32 | 2,839.50 |
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): | 56.90 | |
| MACD (12,26,9): | 3.8600 | |
| Directional Movement: | 8.32 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 2,656.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,664.34 | |
| Elder Ray (13): | 1.24 | |
| Super Trend (3,10): | 2,645.63 | |
| Zig ZAG (10): | 2,653.96 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 37.52 | |
| TEMA (21): | 2,653.98 | |
| Williams %R (14): | -58.73 | |
| Chande Momentum Oscillator (20): | -4.87 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.45 |
| MA7: | 2,635.19 | |
| MA20: | 2,587.67 | |
| MA50: | 2,607.96 | |
| MA100: | 2,526.82 | |
| MAexp7: | 2,652.38 | |
| MAexp20: | 2,650.08 | |
| MAexp50: | 2,638.97 | |
| MAexp100: | 2,621.42 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +2.61% | |
| Price / MA50: | +1.81% | |
| Price / MA100: | +5.08% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +1.29% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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