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CAC 40 EQUAL WEIGH
CAC 40 EQUAL WEIGH
- EUR (-)
- 15 min delayed data - Euronext Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: CACEW
ISIN: QS0011159777

CAC 40 EQUAL WEIGH - 1H - Technical analysis published on 04/19/2023 (GMT)

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  • Timeframe : 1H
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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

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
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
Standard2,619.842,631.192,643.272,654.622,666.702,678.052,690.13
Camarilla2,648.922,651.072,653.212,655.362,657.512,659.662,661.80
Woodie2,620.222,631.372,643.652,654.802,667.082,678.232,690.51
Fibonacci2,631.192,640.142,645.672,654.622,663.572,669.102,678.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,577.322,593.272,617.142,633.092,656.962,672.912,696.78
Camarilla2,630.062,633.712,637.362,641.012,644.662,648.312,651.96
Woodie2,581.282,595.252,621.102,635.072,660.922,674.892,700.74
Fibonacci2,593.272,608.482,617.882,633.092,648.302,657.702,672.91


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,197.462,315.022,459.702,577.262,721.942,839.502,984.18
Camarilla2,532.272,556.312,580.352,604.392,628.432,652.472,676.51
Woodie2,211.032,321.802,473.272,584.042,735.512,846.282,997.75
Fibonacci2,315.022,415.192,477.082,577.262,677.432,739.322,839.50

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.

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Londinia
Londinia AI

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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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