- EUR (-)
- 15 min delayed data - Euronext Indices
|High / Low range:||-|
CAC40 INDEX - 1H - Technical analysis published on 10/19/2022 (GMT)
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Short term: Strongly bullish
Underlying: Strongly bullish
Bullish above 6,038.38 EUR
6,117.08 EUR (+0.89%)
6,168.15 EUR (+1.73%)
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 6,038.38 EUR. The buyers' bullish objective is set at 6,117.08 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6,168.15 EUR. If there is any crossing, the next objective would be the resistance located at 6,586.54 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
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QuotesThe CAC40 INDEX rating is 6,063.13 EUR. The price is lower by -0.06% since the last closing with the lowest point at 6,045.84 EUR and the highest point at 6,096.11 EUR. The deviation from the price is +0.29% for the low point and -0.54% for the high point.
Here is a more detailed summary of the historical variations registered by CAC40 INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical analysis of this 1H chart of CAC40 INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
|Parabolic SAR (0,02-0,02-0,2):||6,134.96|
|Elder Ray (13):||-8.56|
|Super Trend (3,10):||6,014.85|
|Zig ZAG (10):||6,054.75|
|Williams %R (14):||-62.68|
|Chande Momentum Oscillator (20):||20.87|
|Price / MA7:||+1.95%|
|Price / MA20:||+3.18%|
|Price / MA50:||-0.82%|
|Price / MA100:||-1.28%|
|Price / MAexp7:||-0.25%|
|Price / MAexp20:||+0.25%|
|Price / MAexp50:||+1.42%|
|Price / MAexp100:||+2.10%|
Quotes : - 15 min delayed data - Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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