CAC40 INDEX - 1H - Technical analysis published on 06/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 5,054.83 EUR
My targets
5,147.55 EUR (+0.26%)
5,275.55 EUR (+2.76%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC40 INDEX as long as the price remains well above 5,054.83 EUR. The buyers” bullish objective is set at 5,147.55 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,275.55 EUR. If there is any crossing, the next objective would be the resistance located at 5,640.10 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
5.4
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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 5,133.96 EUR. The price registered an increase of +0.76% on the session and was between 5,119.86 EUR and 5,152.45 EUR. This implies that the price is at +0.28% from its lowest and at -0.36% from its highest.5,119.86
5,152.45
5,133.96
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC40 INDEX chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight 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
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,600.13 | 4,783.40 | 5,054.83 | 5,133.96 | 5,275.55 | 5,640.10 | 6,168.15 |
| Change (%) | -10.40% | -6.83% | -1.54% | - | +2.76% | +9.86% | +20.14% |
| Change | -533.83 | -350.56 | -79.13 | - | +141.59 | +506.14 | +1,034.19 |
| Level | Major | Minor | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,880.86 | 4,967.04 | 5,031.07 | 5,117.25 | 5,181.28 | 5,267.46 | 5,331.49 |
| Camarilla | 5,053.80 | 5,067.57 | 5,081.34 | 5,095.11 | 5,108.88 | 5,122.65 | 5,136.42 |
| Woodie | 4,869.80 | 4,961.50 | 5,020.01 | 5,111.71 | 5,170.22 | 5,261.92 | 5,320.43 |
| Fibonacci | 4,967.04 | 5,024.42 | 5,059.87 | 5,117.25 | 5,174.63 | 5,210.08 | 5,267.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,401.71 | 4,561.67 | 4,879.73 | 5,039.69 | 5,357.75 | 5,517.71 | 5,835.77 |
| Camarilla | 5,066.33 | 5,110.15 | 5,153.97 | 5,197.79 | 5,241.61 | 5,285.43 | 5,329.25 |
| Woodie | 4,480.76 | 4,601.20 | 4,958.78 | 5,079.22 | 5,436.80 | 5,557.24 | 5,914.82 |
| Fibonacci | 4,561.67 | 4,744.27 | 4,857.09 | 5,039.69 | 5,222.29 | 5,335.11 | 5,517.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,742.47 | 3,968.53 | 4,331.98 | 4,558.04 | 4,921.49 | 5,147.55 | 5,511.00 |
| Camarilla | 4,533.33 | 4,587.36 | 4,641.40 | 4,695.44 | 4,749.48 | 4,803.52 | 4,857.56 |
| Woodie | 3,811.18 | 4,002.88 | 4,400.69 | 4,592.39 | 4,990.20 | 5,181.90 | 5,579.70 |
| Fibonacci | 3,968.53 | 4,193.72 | 4,332.84 | 4,558.04 | 4,783.23 | 4,922.35 | 5,147.55 |
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): | 55.64 | |
| MACD (12,26,9): | 9.0600 | |
| Directional Movement: | 5.66 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 5,136.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,154.61 | |
| Elder Ray (13): | 18.80 | |
| Super Trend (3,10): | 5,192.66 | |
| Zig ZAG (10): | 5,140.84 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 39.47 | |
| TEMA (21): | 5,101.89 | |
| Williams %R (14): | -48.12 | |
| Chande Momentum Oscillator (20): | -50.19 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.92 |
| MA7: | 5,072.02 | |
| MA20: | 4,723.27 | |
| MA50: | 4,547.94 | |
| MA100: | 4,952.42 | |
| MAexp7: | 5,113.39 | |
| MAexp20: | 5,116.04 | |
| MAexp50: | 5,046.64 | |
| MAexp100: | 4,916.63 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +8.70% | |
| Price / MA50: | +12.89% | |
| Price / MA100: | +3.67% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +1.73% | |
| Price / MAexp100: | +4.42% |
Quotes :
2020-06-10 07:39:15
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15 min delayed data
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Euronext Indices
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
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What Is The French CAC?
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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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