CAC SMALL - 1H - Technical analysis published on 06/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 12,142.60 EUR
My targets
12,309.60 EUR (+0.39%)
12,745.50 EUR (+3.95%)
My analysis
The bullish trend is currently very strong on CAC SMALL. As long as the price remains above the support at 12,142.60 EUR, you could try to benefit from the boom. The first bullish objective is located at 12,309.60 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,745.50 EUR as an objective. Crossing it would then enable buyers to target 12,987.50 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The CAC SMALL price is 12,261.28 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 12,232.25 EUR and the highest point at 12,277.06 EUR. The deviation from the price is +0.24% for the low point and -0.13% for the high point.12,232.25
12,277.06
12,261.28
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAC SMALL in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,042.60 | 12,142.60 | 12,248.80 | 12,261.28 | 12,309.60 | 12,745.50 | 12,987.50 |
| Change (%) | -1.78% | -0.97% | -0.10% | - | +0.39% | +3.95% | +5.92% |
| Change | -218.68 | -118.68 | -12.48 | - | +48.32 | +484.22 | +726.22 |
| Level | Major | Intermediate | Major | - | 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 | 12,162.20 | 12,182.27 | 12,222.43 | 12,242.50 | 12,282.66 | 12,302.73 | 12,342.89 |
| Camarilla | 12,246.02 | 12,251.54 | 12,257.06 | 12,262.58 | 12,268.10 | 12,273.62 | 12,279.14 |
| Woodie | 12,172.24 | 12,187.29 | 12,232.47 | 12,247.52 | 12,292.70 | 12,307.75 | 12,352.93 |
| Fibonacci | 12,182.27 | 12,205.28 | 12,219.50 | 12,242.50 | 12,265.51 | 12,279.73 | 12,302.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,688.06 | 11,790.93 | 11,996.67 | 12,099.54 | 12,305.28 | 12,408.15 | 12,613.89 |
| Camarilla | 12,117.54 | 12,145.83 | 12,174.12 | 12,202.41 | 12,230.70 | 12,258.99 | 12,287.28 |
| Woodie | 11,739.50 | 11,816.65 | 12,048.11 | 12,125.26 | 12,356.72 | 12,433.87 | 12,665.33 |
| Fibonacci | 11,790.93 | 11,908.82 | 11,981.65 | 12,099.54 | 12,217.43 | 12,290.26 | 12,408.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,309.40 | 11,601.60 | 11,759.40 | 12,051.60 | 12,209.40 | 12,501.60 | 12,659.40 |
| Camarilla | 11,793.45 | 11,834.70 | 11,875.95 | 11,917.20 | 11,958.45 | 11,999.70 | 12,040.95 |
| Woodie | 11,242.20 | 11,568.00 | 11,692.20 | 12,018.00 | 12,142.20 | 12,468.00 | 12,592.20 |
| Fibonacci | 11,601.60 | 11,773.50 | 11,879.70 | 12,051.60 | 12,223.50 | 12,329.70 | 12,501.60 |
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): | 61.41 | |
| MACD (12,26,9): | 19.3500 | |
| Directional Movement: | 9.11 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 12,270.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,235.73 | |
| Elder Ray (13): | 10.12 | |
| Super Trend (3,10): | 12,212.70 | |
| Zig ZAG (10): | 12,262.02 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 75.03 | |
| TEMA (21): | 12,267.19 | |
| Williams %R (14): | -34.50 | |
| Chande Momentum Oscillator (20): | 14.23 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.52 |
| MA7: | 12,193.54 | |
| MA20: | 12,172.56 | |
| MA50: | 12,174.95 | |
| MA100: | 12,397.28 | |
| MAexp7: | 12,259.56 | |
| MAexp20: | 12,244.07 | |
| MAexp50: | 12,202.61 | |
| MAexp100: | 12,171.28 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.48% | |
| Price / MAexp100: | +0.74% |
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
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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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