CAC40 INDEX - 1H - Technical analysis published on 09/07/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
50%
22%
28%
My opinion
Neutral between 4,971.67 EUR and 5,067.70 EUR
My targets
-
My analysis
The short-term decline on CAC40 INDEX remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 4,971.67 EUR. The first resistance is located at 5,067.70 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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:
Additional analysis
Quotes
The CAC40 INDEX price is 5,023.29 EUR. On the day, this instrument gained +1.17% and was traded between 4,979.87 EUR and 5,027.74 EUR over the period. The price is currently at +0.87% from its lowest and -0.09% from its highest.4,979.87
5,027.74
5,023.29
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
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 slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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:
Williams %R indicator is overbought : over -20
Type : Neutral
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.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,922.09 | 4,971.67 | 5,011.38 | 5,023.29 | 5,067.70 | 5,131.39 | 5,275.55 |
| Change (%) | -2.01% | -1.03% | -0.24% | - | +0.88% | +2.15% | +5.02% |
| Change | -101.20 | -51.62 | -11.91 | - | +44.41 | +108.10 | +252.26 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 4,766.19 | 4,847.49 | 4,906.28 | 4,987.58 | 5,046.37 | 5,127.67 | 5,186.46 |
| Camarilla | 4,926.55 | 4,939.39 | 4,952.23 | 4,965.07 | 4,977.91 | 4,990.75 | 5,003.60 |
| Woodie | 4,754.94 | 4,841.86 | 4,895.03 | 4,981.95 | 5,035.12 | 5,122.04 | 5,175.21 |
| Fibonacci | 4,847.49 | 4,901.00 | 4,934.07 | 4,987.58 | 5,041.09 | 5,074.16 | 5,127.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,622.91 | 4,757.87 | 4,861.47 | 4,996.43 | 5,100.03 | 5,234.99 | 5,338.59 |
| Camarilla | 4,899.47 | 4,921.33 | 4,943.20 | 4,965.07 | 4,986.94 | 5,008.81 | 5,030.67 |
| Woodie | 4,607.23 | 4,750.03 | 4,845.79 | 4,988.59 | 5,084.35 | 5,227.15 | 5,322.91 |
| Fibonacci | 4,757.87 | 4,849.00 | 4,905.30 | 4,996.43 | 5,087.56 | 5,143.86 | 5,234.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,442.11 | 4,602.85 | 4,775.04 | 4,935.78 | 5,107.97 | 5,268.71 | 5,440.90 |
| Camarilla | 4,855.66 | 4,886.18 | 4,916.70 | 4,947.22 | 4,977.74 | 5,008.26 | 5,038.78 |
| Woodie | 4,447.83 | 4,605.71 | 4,780.76 | 4,938.64 | 5,113.69 | 5,271.57 | 5,446.62 |
| Fibonacci | 4,602.85 | 4,730.03 | 4,808.60 | 4,935.78 | 5,062.96 | 5,141.53 | 5,268.71 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.05 | |
| MACD (12,26,9): | -8.5500 | |
| Directional Movement: | -11.52 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 5,020.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,928.79 | |
| Elder Ray (13): | -1.78 | |
| Super Trend (3,10): | 5,086.19 | |
| Zig ZAG (10): | 5,024.84 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 47.81 | |
| TEMA (21): | 5,005.35 | |
| Williams %R (14): | -47.92 | |
| Chande Momentum Oscillator (20): | 16.41 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.18 |
| MA7: | 4,988.49 | |
| MA20: | 4,989.97 | |
| MA50: | 4,982.32 | |
| MA100: | 4,835.72 | |
| MAexp7: | 5,012.85 | |
| MAexp20: | 5,026.85 | |
| MAexp50: | 5,025.03 | |
| MAexp100: | 5,012.29 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +3.88% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.22% |
Quotes :
2020-09-07 09:46:15
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15 min delayed data
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Euronext Indices
News
Don"t forget to follow the news on CAC40 INDEX. At the time of publication of this analysis, the latest news was as follows:
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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
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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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