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 11/24/2023 (GMT)

  • 131
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

One daily analysis for free from ProRealTime

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 7,163.29 EUR
My targets
7,376.37 EUR (+1.31%)
7,495.84 EUR (+2.95%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAC40 INDEX. This is a positive signal for buyers. As long as the price remains above 7,163.29 EUR, a purchase could be considered. The first bullish objective is located at 7,376.37 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7,495.84 EUR as an objective. Crossing it would then enable buyers to target 7,577.00 EUR. In the event of a return below 7,163.29 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
6.3

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 Riquet1200. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CAC40 INDEX rating is 7,280.81 EUR. The price registered an increase of +0.04% on the session and was traded between 7,268.58 EUR and 7,298.91 EUR over the period. The price is currently at +0.17% from its lowest and -0.25% from its highest.

7,268.58
7,298.91
7,280.81

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAC40 INDEX:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CAC40 INDEX in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7,084.11 7,163.29 7,263.92 7,280.81 7,376.37 7,495.84 7,577.00
Change (%) -2.70% -1.61% -0.23% - +1.31% +2.95% +4.07%
Change -196.70 -117.52 -16.89 - +95.56 +215.03 +296.19
Level Major Major Intermediate - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,244.357,254.017,265.977,275.637,287.597,297.257,309.21
Camarilla7,271.997,273.977,275.957,277.937,279.917,281.897,283.88
Woodie7,245.507,254.597,267.127,276.217,288.747,297.837,310.36
Fibonacci7,254.017,262.277,267.377,275.637,283.897,288.997,297.25


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,920.466,988.287,111.097,178.917,301.727,369.547,492.35
Camarilla7,181.497,198.967,216.447,233.917,251.387,268.867,286.33
Woodie6,947.977,002.037,138.607,192.667,329.237,383.297,519.86
Fibonacci6,988.287,061.107,106.097,178.917,251.737,296.727,369.54


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,284.136,528.986,707.316,952.167,130.497,375.347,553.67
Camarilla6,769.286,808.076,846.866,885.656,924.446,963.237,002.03
Woodie6,250.886,512.356,674.066,935.537,097.247,358.717,520.42
Fibonacci6,528.986,690.636,790.506,952.167,113.817,213.687,375.34

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 65.14
MACD (12,26,9): 69.6600
Directional Movement: 18.21
AROON (14): 85.71
DEMA (21): 7,222.21
Parabolic SAR (0,02-0,02-0,2): 7,096.08
Elder Ray (13): 95.42
Super Trend (3,10): 7,097.40
Zig ZAG (10): 7,286.38
VORTEX (21): 1.1800
Stochastique (14,3,5): 96.57
TEMA (21): 7,299.11
Williams %R (14): -3.88
Chande Momentum Oscillator (20): 251.62
Repulse (5,40,3): 0.3000
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 7.44
MA7: 7,243.13
MA20: 7,106.70
MA50: 7,071.68
MA100: 7,190.02
MAexp7: 7,239.83
MAexp20: 7,146.72
MAexp50: 7,116.62
MAexp100: 7,147.42
Price / MA7: +0.52%
Price / MA20: +2.45%
Price / MA50: +2.96%
Price / MA100: +1.26%
Price / MAexp7: +0.57%
Price / MAexp20: +1.88%
Price / MAexp50: +2.31%
Price / MAexp100: +1.87%

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.

About author

Online

Overall rating :
15072
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis CAC40 INDEX - Daily