CAC40 INDEX - 1H - Technical analysis published on 04/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 4,454.90 EUR
My targets
4,377.46 EUR (-0.25%)
4,318.65 EUR (-1.59%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAC40 INDEX, which is a positive signal for sellers. As long as the price remains above 4,454.90 EUR, a sale could be considered. The first bearish objective is located at 4,377.46 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,318.65 EUR as an objective. Crossing it would then enable sellers to target 4,154.58 EUR. If the price were to return above 4,454.90 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.8
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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
The CAC40 INDEX price is 4,388.44 EUR. The price is lower by -1.41% since the last closing and was between 4,376.59 EUR and 4,406.10 EUR. This implies that the price is at +0.27% from its lowest and at -0.40% from its highest.4,376.59
4,406.10
4,388.44
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAC40 INDEX in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,154.58 | 4,318.65 | 4,377.46 | 4,388.44 | 4,454.90 | 4,600.13 | 5,054.83 |
| Change (%) | -5.33% | -1.59% | -0.25% | - | +1.51% | +4.82% | +15.19% |
| Change | -233.86 | -69.79 | -10.98 | - | +66.46 | +211.69 | +666.39 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,299.05 | 4,347.40 | 4,399.20 | 4,447.55 | 4,499.35 | 4,547.70 | 4,599.50 |
| Camarilla | 4,423.46 | 4,432.64 | 4,441.82 | 4,451.00 | 4,460.18 | 4,469.36 | 4,478.54 |
| Woodie | 4,300.78 | 4,348.26 | 4,400.93 | 4,448.41 | 4,501.08 | 4,548.56 | 4,601.23 |
| Fibonacci | 4,347.40 | 4,385.66 | 4,409.29 | 4,447.55 | 4,485.81 | 4,509.44 | 4,547.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,093.72 | 4,206.31 | 4,352.66 | 4,465.25 | 4,611.60 | 4,724.19 | 4,870.54 |
| Camarilla | 4,427.80 | 4,451.54 | 4,475.27 | 4,499.01 | 4,522.75 | 4,546.48 | 4,570.22 |
| Woodie | 4,110.60 | 4,214.75 | 4,369.54 | 4,473.69 | 4,628.48 | 4,732.63 | 4,887.42 |
| Fibonacci | 4,206.31 | 4,305.23 | 4,366.34 | 4,465.25 | 4,564.17 | 4,625.28 | 4,724.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,638.47 | 2,635.27 | 3,515.69 | 4,512.49 | 5,392.91 | 6,389.71 | 7,270.13 |
| Camarilla | 3,879.89 | 4,051.96 | 4,224.04 | 4,396.12 | 4,568.20 | 4,740.28 | 4,912.36 |
| Woodie | 1,580.29 | 2,606.18 | 3,457.51 | 4,483.40 | 5,334.73 | 6,360.62 | 7,211.95 |
| Fibonacci | 2,635.27 | 3,352.37 | 3,795.39 | 4,512.49 | 5,229.59 | 5,672.61 | 6,389.71 |
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): | 44.24 | |
| MACD (12,26,9): | 1.6600 | |
| Directional Movement: | 1.22 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 4,422.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,495.90 | |
| Elder Ray (13): | -33.14 | |
| Super Trend (3,10): | 4,369.57 | |
| Zig ZAG (10): | 4,388.44 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 53.75 | |
| TEMA (21): | 4,430.05 | |
| Williams %R (14): | -87.24 | |
| Chande Momentum Oscillator (20): | -4.79 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.98 |
| MA7: | 4,426.65 | |
| MA20: | 4,392.51 | |
| MA50: | 4,785.03 | |
| MA100: | 5,375.79 | |
| MAexp7: | 4,428.82 | |
| MAexp20: | 4,422.81 | |
| MAexp50: | 4,425.77 | |
| MAexp100: | 4,406.17 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -8.29% | |
| Price / MA100: | -18.37% | |
| Price / MAexp7: | -0.91% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | -0.84% | |
| Price / MAexp100: | -0.40% |
News
Don"t forget to follow the news on CAC40 INDEX. At the time of publication of this analysis, the latest news was as follows:
-
Will the CAC 40 break higher? - 19th September 2019
-
What Is The French CAC?
-
L’actualité du Cac 40 à la clôture
-
DAX 30 , CAC 40 , Eurostoxx 50 gap lower on a stronger EURO, Draghi bites
-
Why I'm selling the CAC 40: O'Hare
This member declared not having a position on this financial instrument or a related financial instrument.
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