Londinia Opportunities Analyses - 04/22/2024 (GMT) CAC CONS DISCR - 1H
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EUR
(-)
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15 min delayed data - Euronext Indices
| Type: | Indices |
| Ticker: | FRCG |
| ISIN: | QS0011017686 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 5,963.41 EUR
My targets
6,084.12 EUR (+1.31%)
6,176.85 EUR (+2.86%)
My analysis
CAC CONS DISCR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5,963.41 EUR. The next resistance located at 6,084.12 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6,176.85 EUR. After this resistance, buyers could then target 6,254.81 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
CAC CONS DISCR rating 6,005.36 EUR. The price registered a decrease of -0.05% on the session and was traded between 5,969.05 EUR and 6,042.57 EUR over the period. The price is currently at +0.61% from its lowest and -0.62% from its highest.5,969.05
6,042.57
6,005.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC CONS DISCR:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAC CONS DISCR in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,854.17 | 5,923.09 | 5,963.41 | 6,005.36 | 6,015.95 | 6,084.12 | 6,176.85 |
| Change (%) | -2.52% | -1.37% | -0.70% | - | +0.18% | +1.31% | +2.86% |
| Change | -151.19 | -82.27 | -41.95 | - | +10.59 | +78.76 | +171.49 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,885.59 | 5,917.60 | 5,962.93 | 5,994.94 | 6,040.27 | 6,072.28 | 6,117.61 |
| Camarilla | 5,986.98 | 5,994.07 | 6,001.16 | 6,008.25 | 6,015.34 | 6,022.43 | 6,029.52 |
| Woodie | 5,892.24 | 5,920.93 | 5,969.58 | 5,998.27 | 6,046.92 | 6,075.61 | 6,124.26 |
| Fibonacci | 5,917.60 | 5,947.15 | 5,965.40 | 5,994.94 | 6,024.49 | 6,042.74 | 6,072.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,678.13 | 5,765.14 | 5,886.70 | 5,973.71 | 6,095.27 | 6,182.28 | 6,303.84 |
| Camarilla | 5,950.89 | 5,970.01 | 5,989.13 | 6,008.25 | 6,027.37 | 6,046.49 | 6,065.61 |
| Woodie | 5,695.40 | 5,773.78 | 5,903.97 | 5,982.35 | 6,112.54 | 6,190.92 | 6,321.11 |
| Fibonacci | 5,765.14 | 5,844.82 | 5,894.04 | 5,973.71 | 6,053.39 | 6,102.61 | 6,182.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,649.87 | 5,851.14 | 6,020.74 | 6,222.01 | 6,391.61 | 6,592.88 | 6,762.48 |
| Camarilla | 6,088.35 | 6,122.35 | 6,156.34 | 6,190.34 | 6,224.34 | 6,258.33 | 6,292.33 |
| Woodie | 5,634.04 | 5,843.22 | 6,004.91 | 6,214.09 | 6,375.78 | 6,584.96 | 6,746.65 |
| Fibonacci | 5,851.14 | 5,992.81 | 6,080.34 | 6,222.01 | 6,363.68 | 6,451.21 | 6,592.88 |
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): | 56.05 | |
| MACD (12,26,9): | 7.8000 | |
| Directional Movement: | 10.65 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 6,004.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,978.53 | |
| Elder Ray (13): | 10.96 | |
| Super Trend (3,10): | 5,944.83 | |
| Zig ZAG (10): | 6,010.93 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 57.86 | |
| TEMA (21): | 6,004.92 | |
| Williams %R (14): | -39.25 | |
| Chande Momentum Oscillator (20): | 15.42 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.86 |
| MA7: | 5,952.40 | |
| MA20: | 6,035.10 | |
| MA50: | 6,106.72 | |
| MA100: | 5,804.84 | |
| MAexp7: | 6,000.18 | |
| MAexp20: | 5,993.76 | |
| MAexp50: | 5,983.09 | |
| MAexp100: | 5,999.15 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | +3.45% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.10% |
Quotes :
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15 min delayed data
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Indices Euronext