CAC ALL SHARES - Daily - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8,712.91 EUR
My targets
9,220.61 EUR (+4.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC ALL SHARES as long as the price remains well above 8,712.91 EUR. The buyers' bullish objective is set at 9,220.61 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
The CAC ALL SHARES price is 8,818.37 EUR. The price registered a decrease of -0.06% on the session and was traded between 8,782.44 EUR and 8,844.89 EUR over the period. The price is currently at +0.41% from its lowest and -0.30% from its highest.8,782.44
8,844.89
8,818.37
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC ALL SHARES:
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CAC ALL SHARES indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 8,046.44 | 8,267.77 | 8,712.91 | 8,818.37 | 9,220.61 |
Change (%) | -8.75% | -6.24% | -1.20% | - | +4.56% |
Change | -771.93 | -550.60 | -105.46 | - | +402.24 |
Level | Major | Minor | Major | - | Major |
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 |
---|---|---|---|---|---|---|---|
Standard | 8,723.13 | 8,752.78 | 8,785.58 | 8,815.23 | 8,848.03 | 8,877.68 | 8,910.48 |
Camarilla | 8,801.20 | 8,806.92 | 8,812.65 | 8,818.37 | 8,824.10 | 8,829.82 | 8,835.54 |
Woodie | 8,724.70 | 8,753.57 | 8,787.15 | 8,816.02 | 8,849.60 | 8,878.47 | 8,912.05 |
Fibonacci | 8,752.78 | 8,776.64 | 8,791.38 | 8,815.23 | 8,839.09 | 8,853.83 | 8,877.68 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,561.20 | 8,623.87 | 8,721.12 | 8,783.79 | 8,881.04 | 8,943.71 | 9,040.96 |
Camarilla | 8,774.39 | 8,789.05 | 8,803.71 | 8,818.37 | 8,833.03 | 8,847.69 | 8,862.35 |
Woodie | 8,578.49 | 8,632.52 | 8,738.41 | 8,792.44 | 8,898.33 | 8,952.36 | 9,058.25 |
Fibonacci | 8,623.87 | 8,684.96 | 8,722.70 | 8,783.79 | 8,844.88 | 8,882.62 | 8,943.71 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7,274.20 | 7,597.45 | 7,807.84 | 8,131.09 | 8,341.48 | 8,664.73 | 8,875.12 |
Camarilla | 7,871.48 | 7,920.40 | 7,969.31 | 8,018.23 | 8,067.15 | 8,116.06 | 8,164.98 |
Woodie | 7,217.77 | 7,569.24 | 7,751.41 | 8,102.88 | 8,285.05 | 8,636.52 | 8,818.69 |
Fibonacci | 7,597.45 | 7,801.30 | 7,927.24 | 8,131.09 | 8,334.94 | 8,460.88 | 8,664.73 |
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): | 67.73 | |
MACD (12,26,9): | 151.5600 | |
Directional Movement: | 18.87 | |
AROON (14): | 85.72 | |
DEMA (21): | 8,813.27 | |
Parabolic SAR (0,02-0,02-0,2): | 8,697.88 | |
Elder Ray (13): | 117.16 | |
Super Trend (3,10): | 8,532.34 | |
Zig ZAG (10): | 8,818.37 | |
VORTEX (21): | 1.3600 | |
Stochastique (14,3,5): | 88.99 | |
TEMA (21): | 8,862.69 | |
Williams %R (14): | -7.57 | |
Chande Momentum Oscillator (20): | 227.05 | |
Repulse (5,40,3): | 0.8400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2500 | |
Courbe Coppock: | 8.54 |
MA7: | 8,746.28 | |
MA20: | 8,608.24 | |
MA50: | 8,362.17 | |
MA100: | 7,987.54 | |
MAexp7: | 8,764.37 | |
MAexp20: | 8,616.42 | |
MAexp50: | 8,376.19 | |
MAexp100: | 8,171.07 | |
Price / MA7: | +0.82% | |
Price / MA20: | +2.44% | |
Price / MA50: | +5.46% | |
Price / MA100: | +10.40% | |
Price / MAexp7: | +0.62% | |
Price / MAexp20: | +2.34% | |
Price / MAexp50: | +5.28% | |
Price / MAexp100: | +7.92% |
Quotes :
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15 min delayed data
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Euronext Indices
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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