CAC40 INDEX - 1H - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Neutral between 5,468.36 EUR and 5,531.62 EUR
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 5,531.62 EUR. The first support is located at 5,468.36 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CAC40 INDEX.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC40 INDEX rating is 5,521.61 EUR. The price registered an increase of +0.61% on the session with the lowest point at 5,461.59 EUR and the highest point at 5,524.19 EUR. The deviation from the price is +1.10% for the low point and -0.05% for the high point.5,461.59
5,524.19
5,521.61
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC40 INDEX indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,393.49 | 5,432.40 | 5,468.36 | 5,521.61 | 5,531.62 | 5,610.95 | 5,640.10 |
| Change (%) | -2.32% | -1.62% | -0.96% | - | +0.18% | +1.62% | +2.15% |
| Change | -128.12 | -89.21 | -53.25 | - | +10.01 | +89.34 | +118.49 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,384.45 | 5,405.23 | 5,446.77 | 5,467.55 | 5,509.09 | 5,529.87 | 5,571.41 |
| Camarilla | 5,471.18 | 5,476.90 | 5,482.61 | 5,488.32 | 5,494.03 | 5,499.75 | 5,505.46 |
| Woodie | 5,394.84 | 5,410.42 | 5,457.16 | 5,472.74 | 5,519.48 | 5,535.06 | 5,581.80 |
| Fibonacci | 5,405.23 | 5,429.03 | 5,443.74 | 5,467.55 | 5,491.35 | 5,506.06 | 5,529.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,041.46 | 5,217.47 | 5,352.90 | 5,528.91 | 5,664.34 | 5,840.35 | 5,975.78 |
| Camarilla | 5,402.67 | 5,431.22 | 5,459.77 | 5,488.32 | 5,516.87 | 5,545.42 | 5,573.97 |
| Woodie | 5,021.16 | 5,207.33 | 5,332.60 | 5,518.77 | 5,644.04 | 5,830.21 | 5,955.48 |
| Fibonacci | 5,217.47 | 5,336.44 | 5,409.94 | 5,528.91 | 5,647.88 | 5,721.38 | 5,840.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,258.83 | 5,350.00 | 5,513.90 | 5,605.07 | 5,768.97 | 5,860.14 | 6,024.04 |
| Camarilla | 5,607.65 | 5,631.03 | 5,654.41 | 5,677.79 | 5,701.17 | 5,724.55 | 5,747.93 |
| Woodie | 5,295.19 | 5,368.18 | 5,550.26 | 5,623.25 | 5,805.33 | 5,878.32 | 6,060.40 |
| Fibonacci | 5,350.00 | 5,447.44 | 5,507.64 | 5,605.07 | 5,702.51 | 5,762.71 | 5,860.14 |
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): | 59.08 | |
| MACD (12,26,9): | 3.3000 | |
| Directional Movement: | 10.03 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 5,487.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,493.76 | |
| Elder Ray (13): | 23.42 | |
| Super Trend (3,10): | 5,458.61 | |
| Zig ZAG (10): | 5,521.61 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 92.25 | |
| TEMA (21): | 5,512.43 | |
| Williams %R (14): | -3.21 | |
| Chande Momentum Oscillator (20): | 41.84 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.00 |
| MA7: | 5,541.07 | |
| MA20: | 5,597.44 | |
| MA50: | 5,479.96 | |
| MA100: | 5,473.73 | |
| MAexp7: | 5,505.06 | |
| MAexp20: | 5,490.15 | |
| MAexp50: | 5,514.82 | |
| MAexp100: | 5,548.28 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -1.35% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | -0.48% |
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:
-
Will the CAC 40 break higher? - 19th September 2019
-
What Is The French CAC?
-
L’actualité du Cac 40 à la clôture
-
DAX 30 , CAC 40 , Eurostoxx 50 gap lower on a stronger EURO, Draghi bites
-
Why I'm selling the CAC 40: O'Hare
This member declared not having a position on this financial instrument or a related financial instrument.
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