CAC40 INDEX
CAC40 INDEX
5,472.36 EUR (-1.57%)
Closed 15 min delayed data - Euronext Indices
Open: 5,579.73
Change: -87.21
Volume: 3,621,637
Low: 5,453.24
High: 5,584.40
High / Low range: 131.16
Type: Indices
Ticker: PX1
ISIN: FR0003500008

CAC40 INDEX - Daily - Technical analysis published on 09/24/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-09-24 12:33:48
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 4,971.67 EUR
My targets
4,600.13 EUR (-4.05%)
4,273.13 EUR (-10.87%)
My analysis
CAC40 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,971.67 EUR. The next support located at 4,600.13 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4,273.13 EUR. Below this support, sellers could then target 3,904.01 EUR.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.3

Complete this analysis for another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The CAC40 INDEX price is 4,794.48 EUR. The price registered a decrease of -0.16% on the session and was traded between 4,744.04 EUR and 4,806.83 EUR over the period. The price is currently at +1.06% from its lowest and -0.26% from its highest.

4,744.04
4,806.83
4,794.48

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of CAC40 INDEX in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4,273.13 4,600.13 4,783.69 4,794.48 4,971.67 5,275.55 5,640.10
Change (%) -10.87% -4.05% -0.23% - +3.70% +10.03% +17.64%
Change -521.35 -194.35 -10.79 - +177.19 +481.07 +845.62
Level Intermediate Major Major - 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
Standard4,710.014,756.134,779.204,825.324,848.394,894.514,917.58
Camarilla4,783.234,789.584,795.924,802.264,808.604,814.954,821.29
Woodie4,698.474,750.374,767.664,819.564,836.864,888.754,906.05
Fibonacci4,756.134,782.564,798.894,825.324,851.754,868.084,894.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,827.064,902.624,940.405,015.965,053.745,129.305,167.08
Camarilla4,947.014,957.404,967.794,978.184,988.574,998.965,009.35
Woodie4,808.174,893.184,921.515,006.525,034.855,119.865,148.19
Fibonacci4,902.624,945.924,972.665,015.965,059.265,086.005,129.30


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,442.114,602.854,775.044,935.785,107.975,268.715,440.90
Camarilla4,855.664,886.184,916.704,947.224,977.745,008.265,038.78
Woodie4,447.834,605.714,780.764,938.645,113.695,271.575,446.62
Fibonacci4,602.854,730.034,808.604,935.785,062.965,141.535,268.71

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): 36.00
MACD (12,26,9): -39.7500
Directional Movement: -17.66
AROON (14): -42.86
DEMA (21): 4,901.92
Parabolic SAR (0,02-0,02-0,2): 5,096.79
Elder Ray (13): -139.51
Super Trend (3,10): 5,035.18
Zig ZAG (10): 4,787.02
VORTEX (21): 0.8500
Stochastique (14,3,5): 7.31
TEMA (21): 4,857.02
Williams %R (14): -87.10
Chande Momentum Oscillator (20): -184.73
Repulse (5,40,3): -1.8700
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 4.56
MA7: 4,892.95
MA20: 4,969.54
MA50: 4,968.27
MA100: 4,897.88
MAexp7: 4,865.68
MAexp20: 4,939.42
MAexp50: 4,951.11
MAexp100: 4,951.89
Price / MA7: -2.01%
Price / MA20: -3.52%
Price / MA50: -3.50%
Price / MA100: -2.11%
Price / MAexp7: -1.46%
Price / MAexp20: -2.93%
Price / MAexp50: -3.16%
Price / MAexp100: -3.18%

Quotes : 2020-09-24 12:18:15 - 15 min delayed data - 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:

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

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