CAC40 INDEX - Daily - Technical analysis published on 08/01/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4,953.09 EUR
My targets
4,600.13 EUR (-3.84%)
4,377.46 EUR (-8.49%)
My analysis
CAC40 INDEX is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 4,953.09 EUR, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 4,600.13 EUR. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 4,377.46 EUR would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 3,904.01 EUR. Beware of a possible return to above the resistance located at 4,953.09 EUR which would be a sign of a correction of the short-term bearish excesses registered.
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
0
10
3.4
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This analysis was given by Darkvador70. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC40 INDEX rating is 4,783.69 EUR. On the day, this instrument lost -1.43% and was between 4,783.69 EUR and 4,902.90 EUR. This implies that the price is at 0% from its lowest and at -2.43% from its highest.4,783.69
4,902.90
4,783.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC40 INDEX:
Technical
Technical analysis of CAC40 INDEX in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,904.01 | 4,377.46 | 4,600.13 | 4,783.69 | 4,953.09 | 5,275.55 | 5,640.10 |
| Change (%) | -18.39% | -8.49% | -3.84% | - | +3.54% | +10.28% | +17.90% |
| Change | -879.68 | -406.23 | -183.56 | - | +169.40 | +491.86 | +856.41 |
| Level | Major | Major | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,633.82 | 4,717.42 | 4,785.18 | 4,868.78 | 4,936.54 | 5,020.14 | 5,087.90 |
| Camarilla | 4,811.32 | 4,825.19 | 4,839.07 | 4,852.94 | 4,866.81 | 4,880.69 | 4,894.56 |
| Woodie | 4,625.90 | 4,713.46 | 4,777.26 | 4,864.82 | 4,928.62 | 5,016.18 | 5,079.98 |
| Fibonacci | 4,717.42 | 4,775.24 | 4,810.96 | 4,868.78 | 4,926.60 | 4,962.32 | 5,020.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,616.00 | 4,770.70 | 4,863.57 | 5,018.27 | 5,111.14 | 5,265.84 | 5,358.71 |
| Camarilla | 4,888.35 | 4,911.04 | 4,933.74 | 4,956.43 | 4,979.12 | 5,001.82 | 5,024.51 |
| Woodie | 4,585.08 | 4,755.24 | 4,832.65 | 5,002.81 | 5,080.22 | 5,250.38 | 5,327.79 |
| Fibonacci | 4,770.70 | 4,865.28 | 4,923.70 | 5,018.27 | 5,112.85 | 5,171.27 | 5,265.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,158.78 | 4,425.30 | 4,680.64 | 4,947.16 | 5,202.50 | 5,469.02 | 5,724.36 |
| Camarilla | 4,792.48 | 4,840.32 | 4,888.15 | 4,935.99 | 4,983.83 | 5,031.66 | 5,079.50 |
| Woodie | 4,153.20 | 4,422.51 | 4,675.06 | 4,944.37 | 5,196.92 | 5,466.23 | 5,718.78 |
| Fibonacci | 4,425.30 | 4,624.65 | 4,747.81 | 4,947.16 | 5,146.51 | 5,269.67 | 5,469.02 |
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): | 36.87 | |
| MACD (12,26,9): | -14.5200 | |
| Directional Movement: | -15.50 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 4,963.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,101.32 | |
| Elder Ray (13): | -106.17 | |
| Super Trend (3,10): | 5,115.80 | |
| Zig ZAG (10): | 4,783.69 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 13.40 | |
| TEMA (21): | 4,899.22 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -325.29 | |
| Repulse (5,40,3): | -4.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.87 |
| MA7: | 4,922.02 | |
| MA20: | 5,000.70 | |
| MA50: | 4,947.63 | |
| MA100: | 4,649.98 | |
| MAexp7: | 4,907.56 | |
| MAexp20: | 4,962.86 | |
| MAexp50: | 4,916.81 | |
| MAexp100: | 4,935.03 | |
| Price / MA7: | -2.81% | |
| Price / MA20: | -4.34% | |
| Price / MA50: | -3.31% | |
| Price / MA100: | +2.88% | |
| Price / MAexp7: | -2.52% | |
| Price / MAexp20: | -3.61% | |
| Price / MAexp50: | -2.71% | |
| Price / MAexp100: | -3.07% |
Quotes :
2020-07-31 15:35:01
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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
-
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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