CAC40 INDEX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	PX1
ISIN:	FR0003500008

CAC40 INDEX - Daily - Technical analysis published on 05/13/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 4,600.13 EUR

My targets

4,154.58 EUR (-5.41%)

3,904.01 EUR (-11.11%)

My analysis

CAC40 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,600.13 EUR. The next support located at 4,154.58 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3,904.01 EUR. Below this support, sellers could then target 3,331.29 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

6.6

Comment on the analysis

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.

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 4,392.16 EUR. The price registered a decrease of -1.80% on the session and was between 4,369.22 EUR and 4,422.74 EUR. This implies that the price is at +0.53% from its lowest and at -0.69% from its highest.

4,369.22

4,422.74

4,392.16

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CAC40 INDEX chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3,904.01	4,154.58	4,377.46	4,392.16	4,600.13	5,054.83	5,275.55
Change (%)	-11.11%	-5.41%	-0.33%	-	+4.74%	+15.09%	+20.11%
Change	-488.15	-237.58	-14.70	-	+207.97	+662.67	+883.39
Level	Major	Minor	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,405.23	4,429.44	4,450.97	4,475.18	4,496.71	4,520.92	4,542.45
Camarilla	4,459.92	4,464.11	4,468.31	4,472.50	4,476.69	4,480.89	4,485.08
Woodie	4,403.89	4,428.77	4,449.63	4,474.51	4,495.37	4,520.25	4,541.11
Fibonacci	4,429.44	4,446.91	4,457.71	4,475.18	4,492.65	4,503.45	4,520.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,223.06	4,292.59	4,421.12	4,490.65	4,619.18	4,688.71	4,817.24
Camarilla	4,495.17	4,513.33	4,531.49	4,549.64	4,567.80	4,585.95	4,604.11
Woodie	4,252.55	4,307.34	4,450.61	4,505.40	4,648.67	4,703.46	4,846.73
Fibonacci	4,292.59	4,368.25	4,415.00	4,490.65	4,566.31	4,613.05	4,688.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,658.93	3,900.61	4,236.39	4,478.07	4,813.85	5,055.53	5,391.31
Camarilla	4,413.38	4,466.31	4,519.25	4,572.18	4,625.11	4,678.05	4,730.98
Woodie	3,705.99	3,924.14	4,283.45	4,501.60	4,860.91	5,079.06	5,438.37
Fibonacci	3,900.61	4,121.20	4,257.48	4,478.07	4,698.66	4,834.94	5,055.53

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):	45.42
MACD (12,26,9):	-13.1000
Directional Movement:	-2.11
AROON (14):	42.86
DEMA (21):	4,441.85
Parabolic SAR (0,02-0,02-0,2):	4,678.92
Elder Ray (13):	-73.35
Super Trend (3,10):	4,215.48
Zig ZAG (10):	4,379.93
VORTEX (21):	0.9100
Stochastique (14,3,5):	24.18
TEMA (21):	4,527.01
Williams %R (14):	-95.20
Chande Momentum Oscillator (20):	-12.48
Repulse (5,40,3):	-1.6500
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	1.59

MA7:	4,473.84
MA20:	4,467.38
MA50:	4,455.81
MA100:	5,212.91
MAexp7:	4,465.25
MAexp20:	4,468.81
MAexp50:	4,640.67
MAexp100:	4,964.51
Price / MA7:	-1.83%
Price / MA20:	-1.68%
Price / MA50:	-1.43%
Price / MA100:	-15.74%
Price / MAexp7:	-1.64%
Price / MAexp20:	-1.72%
Price / MAexp50:	-5.36%
Price / MAexp100:	-11.53%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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