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 08/28/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 4,977.76 EUR
My targets
5,090.82 EUR (+1.70%)
5,275.55 EUR (+5.39%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 4,977.76 EUR remains possible. It is advisable to trade CAC40 INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4,977.76 EUR. The next bullish objective for buyers is set at 5,090.82 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. PS: if there is a bearish break in the support located at 4,977.76 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CAC40 INDEX rating is 5,005.84 EUR. The price registered a decrease of -0.20% on the session and was between 4,970.64 EUR and 5,031.53 EUR. This implies that the price is at +0.71% from its lowest and at -0.51% from its highest.

4,970.64
5,031.53
5,005.84

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

Technical


Technical analysis of this 1H chart of CAC40 INDEX indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


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.

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:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4,841.49 4,921.88 4,977.76 5,005.84 5,090.82 5,275.55 5,640.10
Change (%) -3.28% -1.68% -0.56% - +1.70% +5.39% +12.67%
Change -164.35 -83.96 -28.08 - +84.98 +269.71 +634.26
Level Intermediate Minor Intermediate - Major Intermediate 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
Standard4,950.074,977.764,996.875,024.565,043.675,071.365,090.47
Camarilla5,003.105,007.395,011.685,015.975,020.265,024.555,028.84
Woodie4,945.774,975.624,992.575,022.425,039.375,069.225,086.17
Fibonacci4,977.764,995.645,006.695,024.565,042.445,053.495,071.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,660.974,750.024,823.184,912.234,985.395,074.445,147.60
Camarilla4,851.724,866.594,881.464,896.334,911.204,926.074,940.94
Woodie4,653.024,746.054,815.234,908.264,977.445,070.475,139.65
Fibonacci4,750.024,811.994,850.274,912.234,974.205,012.485,074.44


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 47.08
MACD (12,26,9): 2.6900
Directional Movement: -9.72
AROON (14): -64.29
DEMA (21): 5,027.99
Parabolic SAR (0,02-0,02-0,2): 5,048.22
Elder Ray (13): -14.61
Super Trend (3,10): 4,992.05
Zig ZAG (10): 5,009.64
VORTEX (21): 0.9500
Stochastique (14,3,5): 33.21
TEMA (21): 5,019.43
Williams %R (14): -46.88
Chande Momentum Oscillator (20): -17.13
Repulse (5,40,3): 0.0400
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.17
MA7: 4,987.60
MA20: 4,963.77
MA50: 4,976.40
MA100: 4,803.42
MAexp7: 5,021.30
MAexp20: 5,021.36
MAexp50: 5,004.94
MAexp100: 4,988.36
Price / MA7: +0.37%
Price / MA20: +0.85%
Price / MA50: +0.59%
Price / MA100: +4.21%
Price / MAexp7: -0.31%
Price / MAexp20: -0.31%
Price / MAexp50: +0.02%
Price / MAexp100: +0.35%

Quotes : 2020-08-28 08:38:15 - 15 min delayed data - Euronext Indices

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

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