CAC40 INDEX
CAC40 INDEX
- EUR (-)
- 15 min delayed data - Euronext Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: PX1
ISIN: FR0003500008

CAC40 INDEX - Daily - Technical analysis published on 06/17/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 6,111.24 EUR
My targets
5,606.54 EUR (-4.75%)
4,595.14 EUR (-21.93%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAC40 INDEX as long as the price remains well below 6,111.24 EUR. The sellers' bearish objective is set at 5,606.54 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,595.14 EUR. In case of crossing, the next objective would be the support located at 3,904.01 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4

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 ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CAC40 INDEX rating is 5,886.24 EUR. The price is lower by -2.39% since the last closing and was between 5,872.20 EUR and 6,018.10 EUR. This implies that the price is at +0.24% from its lowest and at -2.19% from its highest.

5,872.20
6,018.10
5,886.24

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this CAC40 INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

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


S3S2S1PriceR1R2R3
ProTrendLines 3,904.01 4,595.14 5,606.54 5,886.24 6,111.24 6,719.78 6,896.04
Change (%) -33.68% -21.93% -4.75% - +3.82% +14.16% +17.16%
Change -1,982.23 -1,291.10 -279.70 - +225.00 +833.54 +1,009.80
Level Major Major Intermediate - 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
Standard5,687.035,779.615,832.935,925.515,978.836,071.416,124.73
Camarilla5,846.125,859.495,872.875,886.245,899.615,912.995,926.36
Woodie5,667.395,769.805,813.295,915.705,959.196,061.606,105.09
Fibonacci5,779.615,835.355,869.785,925.515,981.256,015.686,071.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,629.475,903.396,045.316,319.236,461.156,735.076,876.99
Camarilla6,072.876,110.996,149.116,187.236,225.356,263.476,301.59
Woodie5,563.475,870.395,979.316,286.236,395.156,702.076,810.99
Fibonacci5,903.396,062.246,160.386,319.236,478.086,576.226,735.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,679.835,882.936,175.866,378.966,671.896,874.997,167.92
Camarilla6,332.396,377.866,423.336,468.806,514.276,559.746,605.21
Woodie5,724.765,905.396,220.796,401.426,716.826,897.457,212.85
Fibonacci5,882.936,072.416,189.476,378.966,568.446,685.506,874.99

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): 31.86
MACD (12,26,9): -103.4400
Directional Movement: -28.24
AROON (14): -57.14
DEMA (21): 6,150.03
Parabolic SAR (0,02-0,02-0,2): 6,445.06
Elder Ray (13): -256.02
Super Trend (3,10): 6,321.01
Zig ZAG (10): 5,886.24
VORTEX (21): 0.7600
Stochastique (14,3,5): 6.30
TEMA (21): 6,078.34
Williams %R (14): -98.05
Chande Momentum Oscillator (20): -582.56
Repulse (5,40,3): -4.9000
ROCnROLL: 2
TRIX (15,9): -0.0800
Courbe Coppock: 8.43
MA7: 6,126.12
MA20: 6,324.49
MA50: 6,388.00
MA100: 6,542.45
MAexp7: 6,093.33
MAexp20: 6,260.44
MAexp50: 6,379.09
MAexp100: 6,505.36
Price / MA7: -3.92%
Price / MA20: -6.93%
Price / MA50: -7.85%
Price / MA100: -10.03%
Price / MAexp7: -3.40%
Price / MAexp20: -5.98%
Price / MAexp50: -7.73%
Price / MAexp100: -9.52%

Quotes : - 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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