CAC40 INDEX - 1H - Technical analysis published on 04/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4,600.13 EUR
My targets
5,054.83 EUR (+8.07%)
5,275.55 EUR (+12.79%)
My analysis
The bullish trend is currently very strong on CAC40 INDEX. As long as the price remains above the support at 4,600.13 EUR, you could try to benefit from the boom. The first bullish objective is located at 5,054.83 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,275.55 EUR as an objective. Crossing it would then enable buyers to target 5,640.10 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.9
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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 4,677.48 EUR. The price has increased by +0.14% since the last closing with the lowest point at 4,677.32 EUR and the highest point at 4,719.74 EUR. The deviation from the price is +0.00% for the low point and -0.90% for the high point.4,677.32
4,719.74
4,677.48
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this CAC40 INDEX chart shows a strongly bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 4,377.46 | 4,538.64 | 4,600.13 | 4,677.48 | 5,054.83 | 5,275.55 | 5,640.10 |
| Change (%) | -6.41% | -2.97% | -1.65% | - | +8.07% | +12.79% | +20.58% |
| Change | -300.02 | -138.84 | -77.35 | - | +377.35 | +598.07 | +962.62 |
| Level | Major | Minor | Major | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,463.52 | 4,508.16 | 4,589.64 | 4,634.28 | 4,715.76 | 4,760.40 | 4,841.88 |
| Camarilla | 4,636.43 | 4,647.99 | 4,659.55 | 4,671.11 | 4,682.67 | 4,694.23 | 4,705.79 |
| Woodie | 4,481.93 | 4,517.37 | 4,608.05 | 4,643.49 | 4,734.17 | 4,769.61 | 4,860.29 |
| Fibonacci | 4,508.16 | 4,556.34 | 4,586.11 | 4,634.28 | 4,682.46 | 4,712.23 | 4,760.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,149.53 | 4,253.49 | 4,323.41 | 4,427.37 | 4,497.29 | 4,601.25 | 4,671.17 |
| Camarilla | 4,345.50 | 4,361.44 | 4,377.38 | 4,393.32 | 4,409.26 | 4,425.20 | 4,441.14 |
| Woodie | 4,132.50 | 4,244.98 | 4,306.38 | 4,418.86 | 4,480.26 | 4,592.74 | 4,654.14 |
| Fibonacci | 4,253.49 | 4,319.92 | 4,360.95 | 4,427.37 | 4,493.80 | 4,534.83 | 4,601.25 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 73.94 | |
| MACD (12,26,9): | 47.7900 | |
| Directional Movement: | 35.00 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 4,646.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,599.54 | |
| Elder Ray (13): | 90.97 | |
| Super Trend (3,10): | 4,603.72 | |
| Zig ZAG (10): | 4,686.03 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 90.97 | |
| TEMA (21): | 4,665.46 | |
| Williams %R (14): | -20.80 | |
| Chande Momentum Oscillator (20): | 105.56 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.73 |
| MA7: | 4,526.70 | |
| MA20: | 4,431.24 | |
| MA50: | 4,667.83 | |
| MA100: | 5,329.09 | |
| MAexp7: | 4,640.17 | |
| MAexp20: | 4,586.75 | |
| MAexp50: | 4,523.34 | |
| MAexp100: | 4,472.63 | |
| Price / MA7: | +3.33% | |
| Price / MA20: | +5.56% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | -12.23% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +1.98% | |
| Price / MAexp50: | +3.41% | |
| Price / MAexp100: | +4.58% |
News
The last news published on CAC40 INDEX at the time of the generation of this analysis 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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