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CAC 40 EQUAL WEIGH
CAC 40 EQUAL WEIGH
- EUR (-)
- 15 min delayed data - Euronext Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: CACEW
ISIN: QS0011159777

CAC 40 EQUAL WEIGH - 1H - Technical analysis published on 10/19/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 2,184.76 EUR
My targets
2,209.86 EUR (+0.50%)
2,260.74 EUR (+2.82%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC 40 EQUAL WEIGH as long as the price remains well above 2,184.76 EUR. The buyers' bullish objective is set at 2,209.86 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,260.74 EUR. If there is any crossing, the next objective would be the resistance located at 2,439.30 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAC 40 EQUAL WEIGH price is 2,198.78 EUR. On the day, this instrument lost -0.05% and was traded between 2,192.88 EUR and 2,215.56 EUR over the period. The price is currently at +0.27% from its lowest and -0.76% from its highest.

2,192.88
2,215.56
2,198.78

Here is a more detailed summary of the historical variations registered by CAC 40 EQUAL WEIGH:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAC 40 EQUAL WEIGH chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,088.45 2,133.98 2,184.76 2,198.78 2,209.86 2,260.74 2,439.30
Change (%) -5.02% -2.95% -0.64% - +0.50% +2.82% +10.94%
Change -110.33 -64.80 -14.02 - +11.08 +61.96 +240.52
Level Minor Intermediate Major - Minor Major Intermediate



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
Standard2,155.512,174.372,187.102,205.962,218.692,237.552,250.28
Camarilla2,191.152,194.052,196.942,199.842,202.742,205.632,208.53
Woodie2,152.462,172.842,184.052,204.432,215.642,236.022,247.23
Fibonacci2,174.372,186.432,193.892,205.962,218.022,225.482,237.55


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,951.402,005.032,071.612,125.242,191.822,245.452,312.03
Camarilla2,105.142,116.162,127.182,138.202,149.222,160.242,171.26
Woodie1,957.892,008.272,078.102,128.482,198.312,248.692,318.52
Fibonacci2,005.032,050.952,079.322,125.242,171.162,199.532,245.45


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,626.691,828.411,956.692,158.412,286.692,488.412,616.69
Camarilla1,994.232,024.482,054.732,084.982,115.232,145.482,175.73
Woodie1,589.981,810.051,919.982,140.052,249.982,470.052,579.98
Fibonacci1,828.411,954.472,032.352,158.412,284.472,362.352,488.41

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): 57.24
MACD (12,26,9): 14.8100
Directional Movement: 8.50
AROON (14): -28.57
DEMA (21): 2,216.84
Parabolic SAR (0,02-0,02-0,2): 2,216.56
Elder Ray (13): -1.56
Super Trend (3,10): 2,181.35
Zig ZAG (10): 2,201.82
VORTEX (21): 1.1500
Stochastique (14,3,5): 43.23
TEMA (21): 2,216.03
Williams %R (14): -70.53
Chande Momentum Oscillator (20): 1.37
Repulse (5,40,3): -0.1300
ROCnROLL: -1
TRIX (15,9): 0.1300
Courbe Coppock: 1.73
MA7: 2,149.29
MA20: 2,127.52
MA50: 2,230.56
MA100: 2,248.75
MAexp7: 2,205.26
MAexp20: 2,195.07
MAexp50: 2,167.45
MAexp100: 2,151.83
Price / MA7: +2.30%
Price / MA20: +3.35%
Price / MA50: -1.42%
Price / MA100: -2.22%
Price / MAexp7: -0.29%
Price / MAexp20: +0.17%
Price / MAexp50: +1.45%
Price / MAexp100: +2.18%

Quotes : - 15 min delayed data - Euronext Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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