CAC40 FCE FULL0524 - 1H - Technical analysis published on 10/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
50%
33%
My opinion
Bearish under 6,673.94 EUR
My targets
6,616.40 EUR (-0.53%)
6,521.40 EUR (-1.96%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAC40 FCE FULL1121 as long as the price remains well below 6,673.94 EUR. The sellers' bearish objective is set at 6,616.40 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6,521.40 EUR. If there is any crossing, the next objective would be the support located at 6,483.00 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAC40 FCE FULL1121 rating 6,651.50 EUR. The price registered a decrease of -0.20% on the session with the lowest point at 6,631.50 EUR and the highest point at 6,667.50 EUR. The deviation from the price is +0.30% for the low point and -0.24% for the high point.6,631.50
6,667.50
6,651.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC40 FCE FULL1121 indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 | 6,483.00 | 6,521.40 | 6,616.40 | 6,651.50 | 6,673.94 | 6,740.61 | 6,899.00 |
| Change (%) | -2.53% | -1.96% | -0.53% | - | +0.34% | +1.34% | +3.72% |
| Change | -168.50 | -130.10 | -35.10 | - | +22.44 | +89.11 | +247.50 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,595.00 | 6,620.00 | 6,642.50 | 6,667.50 | 6,690.00 | 6,715.00 | 6,737.50 |
| Camarilla | 6,651.94 | 6,656.29 | 6,660.65 | 6,665.00 | 6,669.35 | 6,673.71 | 6,678.06 |
| Woodie | 6,593.75 | 6,619.38 | 6,641.25 | 6,666.88 | 6,688.75 | 6,714.38 | 6,736.25 |
| Fibonacci | 6,620.00 | 6,638.15 | 6,649.36 | 6,667.50 | 6,685.65 | 6,696.86 | 6,715.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,298.00 | 6,388.00 | 6,561.00 | 6,651.00 | 6,824.00 | 6,914.00 | 7,087.00 |
| Camarilla | 6,661.68 | 6,685.78 | 6,709.89 | 6,734.00 | 6,758.11 | 6,782.22 | 6,806.33 |
| Woodie | 6,339.50 | 6,408.75 | 6,602.50 | 6,671.75 | 6,865.50 | 6,934.75 | 7,128.50 |
| Fibonacci | 6,388.00 | 6,488.47 | 6,550.53 | 6,651.00 | 6,751.47 | 6,813.53 | 6,914.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,929.00 | 6,148.50 | 6,323.50 | 6,543.00 | 6,718.00 | 6,937.50 | 7,112.50 |
| Camarilla | 6,390.01 | 6,426.18 | 6,462.34 | 6,498.50 | 6,534.66 | 6,570.83 | 6,606.99 |
| Woodie | 5,906.75 | 6,137.38 | 6,301.25 | 6,531.88 | 6,695.75 | 6,926.38 | 7,090.25 |
| Fibonacci | 6,148.50 | 6,299.20 | 6,392.30 | 6,543.00 | 6,693.70 | 6,786.80 | 6,937.50 |
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): | 43.53 | |
| MACD (12,26,9): | -6.0200 | |
| Directional Movement: | -7.86 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 6,651.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,683.82 | |
| Elder Ray (13): | -2.35 | |
| Super Trend (3,10): | 6,687.66 | |
| Zig ZAG (10): | 6,652.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 47.88 | |
| TEMA (21): | 6,646.78 | |
| Williams %R (14): | -55.91 | |
| Chande Momentum Oscillator (20): | -18.50 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.46 |
| MA7: | 6,650.64 | |
| MA20: | 6,592.38 | |
| MA50: | 6,635.89 | |
| MA100: | 6,595.15 | |
| MAexp7: | 6,652.85 | |
| MAexp20: | 6,659.71 | |
| MAexp50: | 6,659.24 | |
| MAexp100: | 6,636.81 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
15 min delayed data
-
LIFFE FR Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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