CAC40 LEVERAGE - 1H - Technical analysis published on 08/11/2022 (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
33%
17%
50%
My opinion
Bullish above 1,382.220 EUR
My targets
1,428.453 EUR (+1.07%)
1,451.800 EUR (+2.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC40 LEVERAGE as long as the price remains well above 1,382.220 EUR. The buyers' bullish objective is set at 1,428.453 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,451.800 EUR. If there is any crossing, the next objective would be the resistance located at 1,555.510 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
CAC40 LEVERAGE rating 1,413.383 EUR. On the day, this instrument lost -0.01% with the lowest point at 1,403.140 EUR and the highest point at 1,430.305 EUR. The deviation from the price is +0.73% for the low point and -1.18% for the high point.1,403.140
1,430.305
1,413.383
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC40 LEVERAGE:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC40 LEVERAGE chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,234.920 | 1,309.350 | 1,382.220 | 1,413.383 | 1,451.800 | 1,555.510 | 1,649.000 |
| Change (%) | -12.63% | -7.36% | -2.20% | - | +2.72% | +10.06% | +16.67% |
| Change | -178.463 | -104.033 | -31.163 | - | +38.417 | +142.127 | +235.617 |
| Level | Major | Intermediate | 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 | 1,350.647 | 1,367.038 | 1,390.251 | 1,406.642 | 1,429.855 | 1,446.246 | 1,469.459 |
| Camarilla | 1,402.572 | 1,406.202 | 1,409.833 | 1,413.463 | 1,417.093 | 1,420.724 | 1,424.354 |
| Woodie | 1,354.057 | 1,368.744 | 1,393.661 | 1,408.348 | 1,433.265 | 1,447.952 | 1,472.869 |
| Fibonacci | 1,367.038 | 1,382.167 | 1,391.514 | 1,406.642 | 1,421.771 | 1,431.118 | 1,446.246 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,279.219 | 1,316.081 | 1,353.836 | 1,390.698 | 1,428.453 | 1,465.315 | 1,503.070 |
| Camarilla | 1,371.072 | 1,377.912 | 1,384.752 | 1,391.592 | 1,398.432 | 1,405.272 | 1,412.112 |
| Woodie | 1,279.667 | 1,316.304 | 1,354.284 | 1,390.921 | 1,428.901 | 1,465.538 | 1,503.518 |
| Fibonacci | 1,316.081 | 1,344.584 | 1,362.194 | 1,390.698 | 1,419.201 | 1,436.811 | 1,465.315 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 923.466 | 1,019.110 | 1,200.384 | 1,296.028 | 1,477.302 | 1,572.946 | 1,754.220 |
| Camarilla | 1,305.505 | 1,330.889 | 1,356.273 | 1,381.657 | 1,407.041 | 1,432.425 | 1,457.810 |
| Woodie | 966.280 | 1,040.518 | 1,243.198 | 1,317.436 | 1,520.116 | 1,594.354 | 1,797.034 |
| Fibonacci | 1,019.110 | 1,124.893 | 1,190.246 | 1,296.028 | 1,401.811 | 1,467.164 | 1,572.946 |
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): | 53.65 | |
| MACD (12,26,9): | 2.3760 | |
| Directional Movement: | 8.048 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 1,412.675 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,396.020 | |
| Elder Ray (13): | 1.561 | |
| Super Trend (3,10): | 1,395.279 | |
| Zig ZAG (10): | 1,411.250 | |
| VORTEX (21): | 1.0220 | |
| Stochastique (14,3,5): | 51.69 | |
| TEMA (21): | 1,411.728 | |
| Williams %R (14): | -57.24 | |
| Chande Momentum Oscillator (20): | 13.434 | |
| Repulse (5,40,3): | -0.3660 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 1.83 |
| MA7: | 1,404.212 | |
| MA20: | 1,336.361 | |
| MA50: | 1,269.744 | |
| MA100: | 1,338.392 | |
| MAexp7: | 1,411.482 | |
| MAexp20: | 1,409.784 | |
| MAexp50: | 1,401.962 | |
| MAexp100: | 1,377.776 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +5.76% | |
| Price / MA50: | +11.31% | |
| Price / MA100: | +5.60% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +2.58% |
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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