CAC40 LEVERAGE - 1H - Technical analysis published on 02/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1,703.340 EUR
My targets
1,762.572 EUR (+1.89%)
1,819.689 EUR (+5.19%)
My analysis
The bullish trend is currently very strong on CAC40 LEVERAGE. As long as the price remains above the support at 1,703.340 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,762.572 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,819.689 EUR as an objective. Crossing it would then enable buyers to target 1,871.080 EUR. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAC40 LEVERAGE rating 1,729.938 EUR. On the day, this instrument gained +2.25% and was between 1,685.625 EUR and 1,740.999 EUR. This implies that the price is at +2.63% from its lowest and at -0.64% from its highest.1,685.625
1,740.999
1,729.938
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC40 LEVERAGE indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,647.510 | 1,681.280 | 1,703.340 | 1,729.938 | 1,871.080 |
| Change (%) | -4.76% | -2.81% | -1.54% | - | +8.16% |
| Change | -82.428 | -48.658 | -26.598 | - | +141.142 |
| Level | Intermediate | Minor | 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 | 1,648.568 | 1,668.045 | 1,679.963 | 1,699.440 | 1,711.358 | 1,730.835 | 1,742.753 |
| Camarilla | 1,683.247 | 1,686.125 | 1,689.003 | 1,691.881 | 1,694.759 | 1,697.637 | 1,700.515 |
| Woodie | 1,644.789 | 1,666.155 | 1,676.184 | 1,697.550 | 1,707.579 | 1,728.945 | 1,738.974 |
| Fibonacci | 1,668.045 | 1,680.038 | 1,687.447 | 1,699.440 | 1,711.433 | 1,718.842 | 1,730.835 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,550.493 | 1,589.032 | 1,621.186 | 1,659.725 | 1,691.879 | 1,730.418 | 1,762.572 |
| Camarilla | 1,633.899 | 1,640.380 | 1,646.860 | 1,653.340 | 1,659.820 | 1,666.300 | 1,672.781 |
| Woodie | 1,547.301 | 1,587.436 | 1,617.994 | 1,658.129 | 1,688.687 | 1,728.822 | 1,759.380 |
| Fibonacci | 1,589.032 | 1,616.037 | 1,632.720 | 1,659.725 | 1,686.730 | 1,703.413 | 1,730.418 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,202.068 | 1,295.207 | 1,464.309 | 1,557.448 | 1,726.550 | 1,819.689 | 1,988.791 |
| Camarilla | 1,561.296 | 1,585.335 | 1,609.373 | 1,633.412 | 1,657.451 | 1,681.490 | 1,705.528 |
| Woodie | 1,240.051 | 1,314.198 | 1,502.292 | 1,576.439 | 1,764.533 | 1,838.680 | 2,026.774 |
| Fibonacci | 1,295.207 | 1,395.383 | 1,457.272 | 1,557.448 | 1,657.624 | 1,719.513 | 1,819.689 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.59 | |
| MACD (12,26,9): | 13.6120 | |
| Directional Movement: | 18.040 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 1,727.472 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,701.253 | |
| Elder Ray (13): | 9.100 | |
| Super Trend (3,10): | 1,697.597 | |
| Zig ZAG (10): | 1,729.295 | |
| VORTEX (21): | 1.1950 | |
| Stochastique (14,3,5): | 72.25 | |
| TEMA (21): | 1,733.456 | |
| Williams %R (14): | -20.34 | |
| Chande Momentum Oscillator (20): | 25.861 | |
| Repulse (5,40,3): | 0.3140 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.25 |
| MA7: | 1,678.548 | |
| MA20: | 1,648.794 | |
| MA50: | 1,542.934 | |
| MA100: | 1,425.947 | |
| MAexp7: | 1,724.254 | |
| MAexp20: | 1,710.020 | |
| MAexp50: | 1,690.763 | |
| MAexp100: | 1,672.552 | |
| Price / MA7: | +3.06% | |
| Price / MA20: | +4.92% | |
| Price / MA50: | +12.12% | |
| Price / MA100: | +21.32% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +2.32% | |
| Price / MAexp100: | +3.43% |
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.
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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