CAC40 INDEX - 1H - Technical analysis published on 06/07/2022 (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
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 6,559.51 EUR
My targets
6,456.38 EUR (-0.34%)
6,253.14 EUR (-3.48%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAC40 INDEX as long as the price remains well below 6,559.51 EUR. The sellers' bearish objective is set at 6,456.38 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6,253.14 EUR. If there is any crossing, the next objective would be the support located at 6,111.24 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
2.3
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Additional analysis
Quotes
The CAC40 INDEX price is 6,478.69 EUR. The price registered a decrease of -1.07% on the session with the lowest point at 6,459.92 EUR and the highest point at 6,523.60 EUR. The deviation from the price is +0.29% for the low point and -0.69% for the high point.6,459.92
6,523.60
6,478.69
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC40 INDEX chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 6,111.24 | 6,253.14 | 6,456.38 | 6,478.69 | 6,559.51 | 6,719.78 | 6,896.04 |
Change (%) | -5.67% | -3.48% | -0.34% | - | +1.25% | +3.72% | +6.44% |
Change | -367.45 | -225.55 | -22.31 | - | +80.82 | +241.09 | +417.35 |
Level | Major | Major | Major | - | Major | 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 | 6,464.69 | 6,499.25 | 6,524.02 | 6,558.58 | 6,583.35 | 6,617.91 | 6,642.68 |
Camarilla | 6,532.46 | 6,537.90 | 6,543.34 | 6,548.78 | 6,554.22 | 6,559.66 | 6,565.10 |
Woodie | 6,459.79 | 6,496.80 | 6,519.12 | 6,556.13 | 6,578.45 | 6,615.46 | 6,637.78 |
Fibonacci | 6,499.25 | 6,521.92 | 6,535.92 | 6,558.58 | 6,581.25 | 6,595.25 | 6,617.91 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6,237.83 | 6,326.03 | 6,405.66 | 6,493.86 | 6,573.49 | 6,661.69 | 6,741.32 |
Camarilla | 6,439.15 | 6,454.53 | 6,469.92 | 6,485.30 | 6,500.68 | 6,516.07 | 6,531.45 |
Woodie | 6,233.56 | 6,323.89 | 6,401.39 | 6,491.72 | 6,569.22 | 6,659.55 | 6,737.05 |
Fibonacci | 6,326.03 | 6,390.14 | 6,429.75 | 6,493.86 | 6,557.97 | 6,597.58 | 6,661.69 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5,679.83 | 5,882.93 | 6,175.86 | 6,378.96 | 6,671.89 | 6,874.99 | 7,167.92 |
Camarilla | 6,332.39 | 6,377.86 | 6,423.33 | 6,468.80 | 6,514.27 | 6,559.74 | 6,605.21 |
Woodie | 5,724.76 | 5,905.39 | 6,220.79 | 6,401.42 | 6,716.82 | 6,897.45 | 7,212.85 |
Fibonacci | 5,882.93 | 6,072.41 | 6,189.47 | 6,378.96 | 6,568.44 | 6,685.50 | 6,874.99 |
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): | 35.66 | |
MACD (12,26,9): | -6.5900 | |
Directional Movement: | -16.50 | |
AROON (14): | -57.14 | |
DEMA (21): | 6,508.95 | |
Parabolic SAR (0,02-0,02-0,2): | 6,567.70 | |
Elder Ray (13): | -41.04 | |
Super Trend (3,10): | 6,532.24 | |
Zig ZAG (10): | 6,466.86 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 5.51 | |
TEMA (21): | 6,492.27 | |
Williams %R (14): | -96.70 | |
Chande Momentum Oscillator (20): | -89.20 | |
Repulse (5,40,3): | -0.5200 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 1.05 |
MA7: | 6,492.65 | |
MA20: | 6,390.81 | |
MA50: | 6,466.56 | |
MA100: | 6,607.24 | |
MAexp7: | 6,490.76 | |
MAexp20: | 6,511.45 | |
MAexp50: | 6,498.71 | |
MAexp100: | 6,462.78 | |
Price / MA7: | -0.22% | |
Price / MA20: | +1.38% | |
Price / MA50: | +0.19% | |
Price / MA100: | -1.95% | |
Price / MAexp7: | -0.19% | |
Price / MAexp20: | -0.50% | |
Price / MAexp50: | -0.31% | |
Price / MAexp100: | +0.25% |
Quotes :
-
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:
- DAX and CAC Forecast June 7, 2022
- DAX and CAC Forecast May 24, 2022
- DAX and CAC Forecast May 19, 2022
- DAX and CAC Forecast May 17, 2022
- DAX and CAC Forecast May 13, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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