CAC ALL SHARES - 1H - Technical analysis published on 09/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 8,922.93 EUR
My targets
8,691.01 EUR (-0.83%)
8,563.51 EUR (-2.29%)
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 8,922.93 EUR. The sellers' bearish objective is set at 8,691.01 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,563.51 EUR. In case of crossing, the next objective would be the support located at 8,479.60 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAC ALL SHARES rating 8,763.94 EUR. The price registered a decrease of -0.02% on the session with the lowest point at 8,703.16 EUR and the highest point at 8,778.37 EUR. The deviation from the price is +0.70% for the low point and -0.16% for the high point.8,703.16
8,778.37
8,763.94
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAC ALL SHARES in 1H shows a overall strongly bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,479.60 | 8,563.51 | 8,691.01 | 8,763.94 | 8,782.58 | 8,922.93 | 8,972.51 |
| Change (%) | -3.24% | -2.29% | -0.83% | - | +0.21% | +1.81% | +2.38% |
| Change | -284.34 | -200.43 | -72.93 | - | +18.64 | +158.99 | +208.57 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | 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 | 8,623.91 | 8,694.91 | 8,730.40 | 8,801.40 | 8,836.89 | 8,907.89 | 8,943.38 |
| Camarilla | 8,736.62 | 8,746.38 | 8,756.14 | 8,765.90 | 8,775.66 | 8,785.42 | 8,795.19 |
| Woodie | 8,606.17 | 8,686.03 | 8,712.66 | 8,792.52 | 8,819.15 | 8,899.01 | 8,925.64 |
| Fibonacci | 8,694.91 | 8,735.59 | 8,760.72 | 8,801.40 | 8,842.08 | 8,867.21 | 8,907.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,819.69 | 8,897.98 | 8,977.56 | 9,055.85 | 9,135.43 | 9,213.72 | 9,293.30 |
| Camarilla | 9,013.72 | 9,028.19 | 9,042.66 | 9,057.13 | 9,071.60 | 9,086.07 | 9,100.54 |
| Woodie | 8,820.33 | 8,898.30 | 8,978.20 | 9,056.17 | 9,136.07 | 9,214.04 | 9,293.94 |
| Fibonacci | 8,897.98 | 8,958.29 | 8,995.55 | 9,055.85 | 9,116.16 | 9,153.42 | 9,213.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,779.59 | 8,065.90 | 8,561.52 | 8,847.83 | 9,343.45 | 9,629.76 | 10,125.38 |
| Camarilla | 8,842.10 | 8,913.78 | 8,985.45 | 9,057.13 | 9,128.81 | 9,200.48 | 9,272.16 |
| Woodie | 7,884.24 | 8,118.23 | 8,666.17 | 8,900.16 | 9,448.10 | 9,682.09 | 10,230.03 |
| Fibonacci | 8,065.90 | 8,364.60 | 8,549.14 | 8,847.83 | 9,146.53 | 9,331.07 | 9,629.76 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 30.99 | |
| MACD (12,26,9): | -58.3100 | |
| Directional Movement: | -28.42 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 8,723.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,750.34 | |
| Elder Ray (13): | -27.79 | |
| Super Trend (3,10): | 8,831.19 | |
| Zig ZAG (10): | 8,741.19 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 20.04 | |
| TEMA (21): | 8,706.81 | |
| Williams %R (14): | -76.71 | |
| Chande Momentum Oscillator (20): | -58.71 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.52 |
| MA7: | 8,933.38 | |
| MA20: | 8,892.12 | |
| MA50: | 8,901.09 | |
| MA100: | 9,215.55 | |
| MAexp7: | 8,746.44 | |
| MAexp20: | 8,801.72 | |
| MAexp50: | 8,887.13 | |
| MAexp100: | 8,916.48 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | -1.44% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -4.90% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | -1.71% |
Quotes :
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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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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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