CAC SMALL - 1H - Technical analysis published on 05/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 12,251.10 EUR
My targets
12,404.00 EUR (+0.83%)
12,448.60 EUR (+1.19%)
My analysis
A bullish trend on CAC SMALL both in substance and in the short term. A purchase could be considered as long as the price remains above 12,251.10 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 12,404.00 EUR. Then the price could move towards 12,448.60 EUR. Then 12,516.50 EUR by extension. Be careful, a return below 12,251.10 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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Additional analysis
Quotes
The CAC SMALL price is 12,301.95 EUR. The price registered a decrease of -0.04% on the session and was traded between 12,298.73 EUR and 12,343.79 EUR over the period. The price is currently at +0.03% from its lowest and -0.34% from its highest.12,298.73
12,343.79
12,301.95
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAC SMALL in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
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.
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 | 11,904.90 | 12,036.10 | 12,251.10 | 12,301.95 | 12,331.00 | 12,404.00 | 12,448.60 |
| Change (%) | -3.23% | -2.16% | -0.41% | - | +0.24% | +0.83% | +1.19% |
| Change | -397.05 | -265.85 | -50.85 | - | +29.05 | +102.05 | +146.65 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
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 | 12,213.36 | 12,232.90 | 12,269.90 | 12,289.44 | 12,326.44 | 12,345.98 | 12,382.98 |
| Camarilla | 12,291.35 | 12,296.53 | 12,301.72 | 12,306.90 | 12,312.08 | 12,317.27 | 12,322.45 |
| Woodie | 12,222.09 | 12,237.27 | 12,278.63 | 12,293.81 | 12,335.17 | 12,350.35 | 12,391.71 |
| Fibonacci | 12,232.90 | 12,254.50 | 12,267.84 | 12,289.44 | 12,311.04 | 12,324.38 | 12,345.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,050.69 | 12,116.61 | 12,196.46 | 12,262.38 | 12,342.23 | 12,408.15 | 12,488.00 |
| Camarilla | 12,236.22 | 12,249.59 | 12,262.95 | 12,276.31 | 12,289.67 | 12,303.04 | 12,316.40 |
| Woodie | 12,057.66 | 12,120.09 | 12,203.43 | 12,265.86 | 12,349.20 | 12,411.63 | 12,494.97 |
| Fibonacci | 12,116.61 | 12,172.29 | 12,206.70 | 12,262.38 | 12,318.06 | 12,352.47 | 12,408.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,239.59 | 11,560.69 | 11,808.02 | 12,129.12 | 12,376.45 | 12,697.55 | 12,944.88 |
| Camarilla | 11,899.04 | 11,951.15 | 12,003.25 | 12,055.36 | 12,107.47 | 12,159.57 | 12,211.68 |
| Woodie | 11,202.72 | 11,542.25 | 11,771.15 | 12,110.68 | 12,339.58 | 12,679.11 | 12,908.01 |
| Fibonacci | 11,560.69 | 11,777.83 | 11,911.98 | 12,129.12 | 12,346.26 | 12,480.41 | 12,697.55 |
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): | 50.22 | |
| MACD (12,26,9): | 9.7300 | |
| Directional Movement: | -3.11 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 12,317.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,278.18 | |
| Elder Ray (13): | -3.65 | |
| Super Trend (3,10): | 12,282.43 | |
| Zig ZAG (10): | 12,301.46 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 66.11 | |
| TEMA (21): | 12,320.29 | |
| Williams %R (14): | -50.61 | |
| Chande Momentum Oscillator (20): | 34.43 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.75 |
| MA7: | 12,290.77 | |
| MA20: | 12,166.39 | |
| MA50: | 12,226.96 | |
| MA100: | 12,421.92 | |
| MAexp7: | 12,315.95 | |
| MAexp20: | 12,305.38 | |
| MAexp50: | 12,284.59 | |
| MAexp100: | 12,246.15 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | -0.97% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
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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