CAC 40 EQUAL WEIGH - 1H - Technical analysis published on 08/24/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 2,337.35 EUR
My targets
2,304.23 EUR (-0.39%)
2,288.95 EUR (-1.05%)
My analysis
CAC 40 EQUAL WEIGH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,337.35 EUR. The next support located at 2,304.23 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,288.95 EUR. Below this support, sellers could then target 2,258.47 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The CAC 40 EQUAL WEIGH rating is 2,313.32 EUR. The price registered a decrease of -0.02% on the session with the lowest point at 2,294.41 EUR and the highest point at 2,314.19 EUR. The deviation from the price is +0.82% for the low point and -0.04% for the high point.2,294.41
2,314.19
2,313.32
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
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 CAC 40 EQUAL WEIGH in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 2,258.47 | 2,288.95 | 2,304.23 | 2,313.32 | 2,337.35 | 2,363.59 | 2,411.12 |
| Change (%) | -2.37% | -1.05% | -0.39% | - | +1.04% | +2.17% | +4.23% |
| Change | -54.85 | -24.37 | -9.09 | - | +24.03 | +50.27 | +97.80 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | 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 | 2,275.38 | 2,289.81 | 2,301.81 | 2,316.24 | 2,328.24 | 2,342.67 | 2,354.67 |
| Camarilla | 2,306.55 | 2,308.98 | 2,311.40 | 2,313.82 | 2,316.24 | 2,318.67 | 2,321.09 |
| Woodie | 2,274.18 | 2,289.20 | 2,300.61 | 2,315.63 | 2,327.04 | 2,342.06 | 2,353.47 |
| Fibonacci | 2,289.81 | 2,299.90 | 2,306.14 | 2,316.24 | 2,326.33 | 2,332.57 | 2,342.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,289.74 | 2,331.34 | 2,353.13 | 2,394.73 | 2,416.52 | 2,458.12 | 2,479.91 |
| Camarilla | 2,357.49 | 2,363.30 | 2,369.11 | 2,374.92 | 2,380.73 | 2,386.54 | 2,392.35 |
| Woodie | 2,279.84 | 2,326.39 | 2,343.23 | 2,389.78 | 2,406.62 | 2,453.17 | 2,470.01 |
| Fibonacci | 2,331.34 | 2,355.56 | 2,370.52 | 2,394.73 | 2,418.95 | 2,433.91 | 2,458.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,909.05 | 2,002.32 | 2,179.01 | 2,272.28 | 2,448.97 | 2,542.24 | 2,718.93 |
| Camarilla | 2,281.45 | 2,306.20 | 2,330.94 | 2,355.69 | 2,380.44 | 2,405.18 | 2,429.93 |
| Woodie | 1,950.75 | 2,023.18 | 2,220.71 | 2,293.14 | 2,490.67 | 2,563.10 | 2,760.63 |
| Fibonacci | 2,002.32 | 2,105.45 | 2,169.16 | 2,272.28 | 2,375.41 | 2,439.12 | 2,542.24 |
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): | 37.89 | |
| MACD (12,26,9): | -15.5000 | |
| Directional Movement: | -24.92 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 2,300.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,327.85 | |
| Elder Ray (13): | -4.97 | |
| Super Trend (3,10): | 2,336.33 | |
| Zig ZAG (10): | 2,312.22 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 39.03 | |
| TEMA (21): | 2,300.87 | |
| Williams %R (14): | -50.84 | |
| Chande Momentum Oscillator (20): | -10.83 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 1.40 |
| MA7: | 2,364.44 | |
| MA20: | 2,374.45 | |
| MA50: | 2,274.19 | |
| MA100: | 2,329.96 | |
| MAexp7: | 2,310.25 | |
| MAexp20: | 2,322.77 | |
| MAexp50: | 2,351.04 | |
| MAexp100: | 2,365.01 | |
| Price / MA7: | -2.16% | |
| Price / MA20: | -2.57% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -1.60% | |
| Price / MAexp100: | -2.19% |
Quotes :
-
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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