CAC MID & SMALL - 1H - Technical analysis published on 10/27/2023 (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
22%
56%
22%
My opinion
Bearish under 12,188.03 EUR
My targets
11,938.55 EUR (-0.52%)
11,540.64 EUR (-3.84%)
My analysis
CAC MID & SMALL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12,188.03 EUR. The next support located at 11,938.55 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11,540.64 EUR. Below this support, sellers could then target 10,699.98 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
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
The CAC MID & SMALL price is 12,001.32 EUR. The price is lower by -0.05% since the last closing and was between 11,961.54 EUR and 12,088.07 EUR. This implies that the price is at +0.33% from its lowest and at -0.72% from its highest.11,961.54
12,088.07
12,001.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC MID & SMALL chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,699.98 | 11,540.64 | 11,938.55 | 12,001.32 | 12,188.03 | 12,582.72 | 12,895.53 |
| Change (%) | -10.84% | -3.84% | -0.52% | - | +1.56% | +4.84% | +7.45% |
| Change | -1,301.34 | -460.68 | -62.77 | - | +186.71 | +581.40 | +894.21 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,819.35 | 11,890.45 | 11,945.88 | 12,016.98 | 12,072.41 | 12,143.51 | 12,198.94 |
| Camarilla | 11,966.52 | 11,978.12 | 11,989.72 | 12,001.32 | 12,012.92 | 12,024.52 | 12,036.12 |
| Woodie | 11,811.53 | 11,886.53 | 11,938.06 | 12,013.06 | 12,064.59 | 12,139.59 | 12,191.12 |
| Fibonacci | 11,890.45 | 11,938.78 | 11,968.64 | 12,016.98 | 12,065.31 | 12,095.17 | 12,143.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,589.86 | 11,747.03 | 11,874.17 | 12,031.34 | 12,158.48 | 12,315.65 | 12,442.79 |
| Camarilla | 11,923.14 | 11,949.20 | 11,975.26 | 12,001.32 | 12,027.38 | 12,053.44 | 12,079.51 |
| Woodie | 11,574.86 | 11,739.52 | 11,859.17 | 12,023.83 | 12,143.48 | 12,308.14 | 12,427.79 |
| Fibonacci | 11,747.03 | 11,855.63 | 11,922.73 | 12,031.34 | 12,139.94 | 12,207.04 | 12,315.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,780.39 | 12,368.62 | 12,757.77 | 13,346.00 | 13,735.15 | 14,323.38 | 14,712.53 |
| Camarilla | 12,878.14 | 12,967.73 | 13,057.33 | 13,146.92 | 13,236.51 | 13,326.11 | 13,415.70 |
| Woodie | 11,680.85 | 12,318.85 | 12,658.23 | 13,296.23 | 13,635.61 | 14,273.61 | 14,612.99 |
| Fibonacci | 12,368.62 | 12,741.98 | 12,972.64 | 13,346.00 | 13,719.36 | 13,950.02 | 14,323.38 |
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): | 44.67 | |
| MACD (12,26,9): | -20.3000 | |
| Directional Movement: | -13.79 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 12,003.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,085.54 | |
| Elder Ray (13): | -40.91 | |
| Super Trend (3,10): | 12,099.37 | |
| Zig ZAG (10): | 12,001.32 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 22.86 | |
| TEMA (21): | 12,017.27 | |
| Williams %R (14): | -68.56 | |
| Chande Momentum Oscillator (20): | -50.17 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.12 |
| MA7: | 12,091.99 | |
| MA20: | 12,503.49 | |
| MA50: | 13,132.24 | |
| MA100: | 13,502.69 | |
| MAexp7: | 12,013.56 | |
| MAexp20: | 12,032.23 | |
| MAexp50: | 12,106.02 | |
| MAexp100: | 12,269.83 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -4.02% | |
| Price / MA50: | -8.61% | |
| Price / MA100: | -11.12% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.86% | |
| Price / MAexp100: | -2.19% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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