CAC40 INDEX
CAC40 INDEX
5,617.27 EUR (+0.10%)
Closed 15 min delayed data - Euronext Indices
Open: 5,584.85
Change: +5.58
Volume: 2,322,911
Low: 5,584.59
High: 5,618.42
High / Low range: 33.83
Type: Indices
Ticker: PX1
ISIN: FR0003500008

CAC40 INDEX - 1H - Technical analysis published on 10/07/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-10-07 10:32:05
  • Status : TARGET REACHED

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

Complete this analysis for another time unit:
15 min. Daily 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

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.

Central Gaps

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:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard4,779.964,815.164,855.314,890.514,930.664,965.865,006.01
Camarilla4,874.744,881.654,888.554,895.464,902.374,909.274,916.18
Woodie4,782.444,816.404,857.794,891.754,933.144,967.105,008.49
Fibonacci4,815.164,843.944,861.734,890.514,919.294,937.084,965.86


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,649.514,703.374,764.124,817.984,878.734,932.594,993.34
Camarilla4,793.364,803.874,814.374,824.884,835.394,845.894,856.40
Woodie4,652.974,705.094,767.584,819.704,882.194,934.314,996.80
Fibonacci4,703.374,747.154,774.204,817.984,861.764,888.814,932.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,137.544,401.904,602.674,867.035,067.805,332.165,532.93
Camarilla4,675.534,718.174,760.804,803.444,846.084,888.714,931.35
Woodie4,105.754,386.004,570.884,851.135,036.015,316.265,501.14
Fibonacci4,401.904,579.584,689.354,867.035,044.715,154.485,332.16

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 - 15 min delayed data - Euronext Indices

News


The last news published on CAC40 INDEX at the time of the generation of this analysis was as follows:

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

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