CAC40 INDEX - 1H - Technical analysis published on 10/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 4,872.14 EUR
My targets
4,935.38 EUR (+0.94%)
4,996.75 EUR (+2.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC40 INDEX as long as the price remains well above 4,872.14 EUR. The buyers” bullish objective is set at 4,935.38 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,996.75 EUR. If there is any crossing, the next objective would be the resistance located at 5,035.04 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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
CAC40 INDEX rating 4,889.39 EUR. On the day, this instrument lost -0.12% and was between 4,884.54 EUR and 4,915.63 EUR. This implies that the price is at +0.10% from its lowest and at -0.53% from its highest.4,884.54
4,915.63
4,889.39
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAC40 INDEX in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,666.26 | 4,783.69 | 4,872.14 | 4,889.39 | 4,935.38 | 4,996.75 | 5,035.04 |
| Change (%) | -4.56% | -2.16% | -0.35% | - | +0.94% | +2.20% | +2.98% |
| Change | -223.13 | -105.70 | -17.25 | - | +45.99 | +107.36 | +145.65 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,779.96 | 4,815.16 | 4,855.31 | 4,890.51 | 4,930.66 | 4,965.86 | 5,006.01 |
| Camarilla | 4,874.74 | 4,881.65 | 4,888.55 | 4,895.46 | 4,902.37 | 4,909.27 | 4,916.18 |
| Woodie | 4,782.44 | 4,816.40 | 4,857.79 | 4,891.75 | 4,933.14 | 4,967.10 | 5,008.49 |
| Fibonacci | 4,815.16 | 4,843.94 | 4,861.73 | 4,890.51 | 4,919.29 | 4,937.08 | 4,965.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,649.51 | 4,703.37 | 4,764.12 | 4,817.98 | 4,878.73 | 4,932.59 | 4,993.34 |
| Camarilla | 4,793.36 | 4,803.87 | 4,814.37 | 4,824.88 | 4,835.39 | 4,845.89 | 4,856.40 |
| Woodie | 4,652.97 | 4,705.09 | 4,767.58 | 4,819.70 | 4,882.19 | 4,934.31 | 4,996.80 |
| Fibonacci | 4,703.37 | 4,747.15 | 4,774.20 | 4,817.98 | 4,861.76 | 4,888.81 | 4,932.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,137.54 | 4,401.90 | 4,602.67 | 4,867.03 | 5,067.80 | 5,332.16 | 5,532.93 |
| Camarilla | 4,675.53 | 4,718.17 | 4,760.80 | 4,803.44 | 4,846.08 | 4,888.71 | 4,931.35 |
| Woodie | 4,105.75 | 4,386.00 | 4,570.88 | 4,851.13 | 5,036.01 | 5,316.26 | 5,501.14 |
| Fibonacci | 4,401.90 | 4,579.58 | 4,689.35 | 4,867.03 | 5,044.71 | 5,154.48 | 5,332.16 |
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): | 55.84 | |
| MACD (12,26,9): | 15.8700 | |
| Directional Movement: | 17.99 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 4,901.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,875.92 | |
| Elder Ray (13): | -1.14 | |
| Super Trend (3,10): | 4,853.70 | |
| Zig ZAG (10): | 4,887.84 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 55.32 | |
| TEMA (21): | 4,905.45 | |
| Williams %R (14): | -48.92 | |
| Chande Momentum Oscillator (20): | 19.17 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.26 |
| MA7: | 4,848.24 | |
| MA20: | 4,895.62 | |
| MA50: | 4,935.57 | |
| MA100: | 4,934.13 | |
| MAexp7: | 4,892.28 | |
| MAexp20: | 4,879.55 | |
| MAexp50: | 4,855.97 | |
| MAexp100: | 4,857.68 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.65% |
Quotes :
2020-10-07 10:16:30
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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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