CAC ALL SHARES - 1H - Technical analysis published on 10/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 8,493.00 EUR
My targets
8,267.77 EUR (-2.26%)
8,018.23 EUR (-5.21%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAC ALL SHARES as long as the price remains well below 8,493.00 EUR. The sellers' bearish objective is set at 8,267.77 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,018.23 EUR. In case of crossing, the next objective would be the support located at 7,096.26 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC ALL SHARES price is 8,458.84 EUR. The price is lower by -0.03% since the last closing with the lowest point at 8,408.72 EUR and the highest point at 8,534.11 EUR. The deviation from the price is +0.60% for the low point and -0.88% for the high point.8,408.72
8,534.11
8,458.84
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC ALL SHARES indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,096.26 | 8,018.23 | 8,267.77 | 8,458.84 | 8,493.00 | 8,572.45 | 8,729.21 |
| Change (%) | -16.11% | -5.21% | -2.26% | - | +0.40% | +1.34% | +3.20% |
| Change | -1,362.58 | -440.61 | -191.07 | - | +34.16 | +113.61 | +270.37 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Minor |
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 | 8,316.29 | 8,385.36 | 8,423.20 | 8,492.27 | 8,530.11 | 8,599.18 | 8,637.02 |
| Camarilla | 8,431.64 | 8,441.44 | 8,451.24 | 8,461.04 | 8,470.84 | 8,480.64 | 8,490.44 |
| Woodie | 8,300.68 | 8,377.55 | 8,407.59 | 8,484.46 | 8,514.50 | 8,591.37 | 8,621.41 |
| Fibonacci | 8,385.36 | 8,426.20 | 8,451.43 | 8,492.27 | 8,533.11 | 8,558.34 | 8,599.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,276.14 | 8,383.57 | 8,506.15 | 8,613.58 | 8,736.16 | 8,843.59 | 8,966.17 |
| Camarilla | 8,565.47 | 8,586.55 | 8,607.64 | 8,628.72 | 8,649.80 | 8,670.89 | 8,691.97 |
| Woodie | 8,283.71 | 8,387.36 | 8,513.72 | 8,617.37 | 8,743.73 | 8,847.38 | 8,973.74 |
| Fibonacci | 8,383.57 | 8,471.44 | 8,525.72 | 8,613.58 | 8,701.45 | 8,755.73 | 8,843.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,841.63 | 8,166.32 | 8,397.52 | 8,722.21 | 8,953.41 | 9,278.10 | 9,509.30 |
| Camarilla | 8,475.85 | 8,526.81 | 8,577.76 | 8,628.72 | 8,679.68 | 8,730.63 | 8,781.59 |
| Woodie | 7,794.89 | 8,142.95 | 8,350.78 | 8,698.84 | 8,906.67 | 9,254.73 | 9,462.56 |
| Fibonacci | 8,166.32 | 8,378.67 | 8,509.86 | 8,722.21 | 8,934.56 | 9,065.75 | 9,278.10 |
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): | 39.39 | |
| MACD (12,26,9): | -26.9300 | |
| Directional Movement: | -14.37 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 8,473.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,431.95 | |
| Elder Ray (13): | -30.26 | |
| Super Trend (3,10): | 8,542.64 | |
| Zig ZAG (10): | 8,463.95 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 55.69 | |
| TEMA (21): | 8,465.59 | |
| Williams %R (14): | -58.35 | |
| Chande Momentum Oscillator (20): | -24.05 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.06 |
| MA7: | 8,536.87 | |
| MA20: | 8,714.83 | |
| MA50: | 8,877.37 | |
| MA100: | 8,957.47 | |
| MAexp7: | 8,487.65 | |
| MAexp20: | 8,509.61 | |
| MAexp50: | 8,556.46 | |
| MAexp100: | 8,622.46 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -2.94% | |
| Price / MA50: | -4.71% | |
| Price / MA100: | -5.57% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -1.90% |
Quotes :
-
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.
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