CAC LARGE 60 - Daily - Technical analysis published on 09/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 7,134.26 EUR
My targets
6,629.84 EUR (-2.42%)
6,474.96 EUR (-4.70%)
My analysis
The bearish trend is currently very strong for CAC LARGE 60. As long as the price remains below the resistance at 7,134.26 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 6,629.84 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6,474.96 EUR as an objective. Crossing it would then enable sellers to target 6,241.49 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.9
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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 LARGE 60 price is 6,794.26 EUR. The price is lower by -0.01% since the last closing with the lowest point at 6,740.83 EUR and the highest point at 6,798.98 EUR. The deviation from the price is +0.79% for the low point and -0.07% for the high point.6,740.83
6,798.98
6,794.26
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CAC LARGE 60 indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,474.96 | 6,629.84 | 6,780.84 | 6,794.26 | 7,134.26 | 7,391.84 | 7,551.96 |
| Change (%) | -4.70% | -2.42% | -0.20% | - | +5.00% | +8.80% | +11.15% |
| Change | -319.30 | -164.42 | -13.42 | - | +340.00 | +597.58 | +757.70 |
| Level | Minor | Major | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,577.94 | 6,686.48 | 6,740.75 | 6,849.29 | 6,903.56 | 7,012.10 | 7,066.37 |
| Camarilla | 6,750.25 | 6,765.17 | 6,780.10 | 6,795.02 | 6,809.94 | 6,824.87 | 6,839.79 |
| Woodie | 6,550.81 | 6,672.91 | 6,713.62 | 6,835.72 | 6,876.43 | 6,998.53 | 7,039.24 |
| Fibonacci | 6,686.48 | 6,748.67 | 6,787.10 | 6,849.29 | 6,911.48 | 6,949.91 | 7,012.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,382.27 | 6,468.94 | 6,615.72 | 6,702.39 | 6,849.17 | 6,935.84 | 7,082.62 |
| Camarilla | 6,698.29 | 6,719.69 | 6,741.09 | 6,762.49 | 6,783.89 | 6,805.29 | 6,826.69 |
| Woodie | 6,412.32 | 6,483.97 | 6,645.77 | 6,717.42 | 6,879.22 | 6,950.87 | 7,112.67 |
| Fibonacci | 6,468.94 | 6,558.12 | 6,613.22 | 6,702.39 | 6,791.57 | 6,846.67 | 6,935.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,974.28 | 6,323.88 | 6,498.69 | 6,848.29 | 7,023.10 | 7,372.70 | 7,547.51 |
| Camarilla | 6,529.28 | 6,577.35 | 6,625.42 | 6,673.49 | 6,721.56 | 6,769.63 | 6,817.70 |
| Woodie | 5,886.88 | 6,280.18 | 6,411.29 | 6,804.59 | 6,935.70 | 7,329.00 | 7,460.11 |
| Fibonacci | 6,323.88 | 6,524.21 | 6,647.97 | 6,848.29 | 7,048.62 | 7,172.38 | 7,372.70 |
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): | 48.31 | |
| MACD (12,26,9): | -41.2800 | |
| Directional Movement: | 5.29 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 6,749.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,589.59 | |
| Elder Ray (13): | -5.75 | |
| Super Trend (3,10): | 6,898.41 | |
| Zig ZAG (10): | 6,788.29 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 60.99 | |
| TEMA (21): | 6,702.32 | |
| Williams %R (14): | -46.08 | |
| Chande Momentum Oscillator (20): | 14.13 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 5.53 |
| MA7: | 6,743.92 | |
| MA20: | 6,807.01 | |
| MA50: | 6,842.50 | |
| MA100: | 6,811.01 | |
| MAexp7: | 6,769.60 | |
| MAexp20: | 6,800.43 | |
| MAexp50: | 6,829.58 | |
| MAexp100: | 6,880.34 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -0.25% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -1.25% |
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.
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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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