CAC40 INDEX - 1H - Technical analysis published on 08/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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 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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4,950.07 | 4,977.76 | 4,996.87 | 5,024.56 | 5,043.67 | 5,071.36 | 5,090.47 |
| Camarilla | 5,003.10 | 5,007.39 | 5,011.68 | 5,015.97 | 5,020.26 | 5,024.55 | 5,028.84 |
| Woodie | 4,945.77 | 4,975.62 | 4,992.57 | 5,022.42 | 5,039.37 | 5,069.22 | 5,086.17 |
| Fibonacci | 4,977.76 | 4,995.64 | 5,006.69 | 5,024.56 | 5,042.44 | 5,053.49 | 5,071.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,660.97 | 4,750.02 | 4,823.18 | 4,912.23 | 4,985.39 | 5,074.44 | 5,147.60 |
| Camarilla | 4,851.72 | 4,866.59 | 4,881.46 | 4,896.33 | 4,911.20 | 4,926.07 | 4,940.94 |
| Woodie | 4,653.02 | 4,746.05 | 4,815.23 | 4,908.26 | 4,977.44 | 5,070.47 | 5,139.65 |
| Fibonacci | 4,750.02 | 4,811.99 | 4,850.27 | 4,912.23 | 4,974.20 | 5,012.48 | 5,074.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,264.64 | 4,524.16 | 4,653.93 | 4,913.45 | 5,043.22 | 5,302.74 | 5,432.51 |
| Camarilla | 4,676.64 | 4,712.32 | 4,748.01 | 4,783.69 | 4,819.38 | 4,855.06 | 4,890.75 |
| Woodie | 4,199.76 | 4,491.72 | 4,589.05 | 4,881.01 | 4,978.34 | 5,270.30 | 5,367.63 |
| Fibonacci | 4,524.16 | 4,672.87 | 4,764.75 | 4,913.45 | 5,062.16 | 5,154.03 | 5,302.74 |
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
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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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