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CAC40 INDEX
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 - 1H - Technical analysis published on 08/04/2020 (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 bullish
De fond: Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4,801.02 EUR
My targets
4,921.01 EUR (+0.50%)
5,015.06 EUR (+2.42%)
My analysis
The strong short-term increase in CAC40 INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4,801.02 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4,921.01 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,015.06 EUR as an objective. Crossing it would then enable buyers to target 5,084.06 EUR. Caution, a return under 4,801.02 EUR could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAC40 INDEX price is 4,896.49 EUR. The price has increased by +0.42% since the last closing and was between 4,866.33 EUR and 4,920.80 EUR. This implies that the price is at +0.62% from its lowest and at -0.49% from its highest.

4,866.33
4,920.80
4,896.49

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAC40 INDEX in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4,600.13 4,763.60 4,801.02 4,896.49 4,921.01 5,015.06 5,084.06
Change (%) -6.05% -2.71% -1.95% - +0.50% +2.42% +3.83%
Change -296.36 -132.89 -95.47 - +24.52 +118.57 +187.57
Level Major Major Minor - Intermediate Intermediate Minor



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
Standard4,657.264,710.434,793.184,846.354,929.104,982.275,065.02
Camarilla4,838.554,851.014,863.474,875.934,888.394,900.854,913.31
Woodie4,672.054,717.834,807.974,853.754,943.894,989.675,079.81
Fibonacci4,710.434,762.354,794.434,846.354,898.274,930.354,982.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,523.944,653.824,718.754,848.634,913.565,043.445,108.37
Camarilla4,730.124,747.984,765.834,783.694,801.554,819.414,837.26
Woodie4,491.484,637.584,686.294,832.394,881.105,027.205,075.91
Fibonacci4,653.824,728.234,774.214,848.634,923.044,969.025,043.44


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,264.644,524.164,653.934,913.455,043.225,302.745,432.51
Camarilla4,676.644,712.324,748.014,783.694,819.384,855.064,890.75
Woodie4,199.764,491.724,589.054,881.014,978.345,270.305,367.63
Fibonacci4,524.164,672.874,764.754,913.455,062.165,154.035,302.74

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): 56.62
MACD (12,26,9): -1.5400
Directional Movement: 9.08
AROON (14): 64.28
DEMA (21): 4,855.73
Parabolic SAR (0,02-0,02-0,2): 4,793.05
Elder Ray (13): 28.00
Super Trend (3,10): 4,812.46
Zig ZAG (10): 4,894.15
VORTEX (21): 1.1000
Stochastique (14,3,5): 78.95
TEMA (21): 4,874.76
Williams %R (14): -15.55
Chande Momentum Oscillator (20): 112.67
Repulse (5,40,3): -0.0700
ROCnROLL: -1
TRIX (15,9): -0.0400
Courbe Coppock: 1.35
MA7: 4,891.17
MA20: 4,982.96
MA50: 4,960.11
MA100: 4,661.13
MAexp7: 4,877.45
MAexp20: 4,864.27
MAexp50: 4,892.53
MAexp100: 4,933.40
Price / MA7: +0.11%
Price / MA20: -1.74%
Price / MA50: -1.28%
Price / MA100: +5.05%
Price / MAexp7: +0.39%
Price / MAexp20: +0.66%
Price / MAexp50: +0.08%
Price / MAexp100: -0.75%

Quotes : 2020-08-04 09:16:15 - 15 min delayed data - Euronext Indices

News


The latest news and videos published on CAC40 INDEX at the time of the analysis were as follows:

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

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