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 - Daily - Technical analysis published on 10/19/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 2,260.74 EUR

My targets

2,158.41 EUR (-1.87%)

2,060.83 EUR (-6.31%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAC 40 EQUAL WEIGH. As long as you are under the resistance located at 2,260.74 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,158.41 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,060.83 EUR as an objective. Crossing it would then enable sellers to target 1,764.10 EUR. If the resistance 2,260.74 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.1

Comment on the analysis

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.

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

Additional analysis

Quotes

The CAC 40 EQUAL WEIGH price is 2,199.53 EUR. The price registered a decrease of -0.01% on the session and was between 2,191.26 EUR and 2,215.56 EUR. This implies that the price is at +0.38% from its lowest and at -0.72% from its highest.

2,191.26

2,215.56

2,199.53

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CAC 40 EQUAL WEIGH chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,764.10	2,060.83	2,184.76	2,199.53	2,260.74	2,439.30	2,537.22
Change (%)	-19.80%	-6.31%	-0.67%	-	+2.78%	+10.90%	+15.35%
Change	-435.43	-138.70	-14.77	-	+61.21	+239.77	+337.69
Level	Major	Major	Major	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,155.51	2,174.37	2,187.10	2,205.96	2,218.69	2,237.55	2,250.28
Camarilla	2,191.15	2,194.05	2,196.94	2,199.84	2,202.74	2,205.63	2,208.53
Woodie	2,152.46	2,172.84	2,184.05	2,204.43	2,215.64	2,236.02	2,247.23
Fibonacci	2,174.37	2,186.43	2,193.89	2,205.96	2,218.02	2,225.48	2,237.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,951.40	2,005.03	2,071.61	2,125.24	2,191.82	2,245.45	2,312.03
Camarilla	2,105.14	2,116.16	2,127.18	2,138.20	2,149.22	2,160.24	2,171.26
Woodie	1,957.89	2,008.27	2,078.10	2,128.48	2,198.31	2,248.69	2,318.52
Fibonacci	2,005.03	2,050.95	2,079.32	2,125.24	2,171.16	2,199.53	2,245.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,626.69	1,828.41	1,956.69	2,158.41	2,286.69	2,488.41	2,616.69
Camarilla	1,994.23	2,024.48	2,054.73	2,084.98	2,115.23	2,145.48	2,175.73
Woodie	1,589.98	1,810.05	1,919.98	2,140.05	2,249.98	2,470.05	2,579.98
Fibonacci	1,828.41	1,954.47	2,032.35	2,158.41	2,284.47	2,362.35	2,488.41

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):	54.86
MACD (12,26,9):	-13.1100
Directional Movement:	2.41
AROON (14):	92.86
DEMA (21):	2,130.92
Parabolic SAR (0,02-0,02-0,2):	2,071.09
Elder Ray (13):	50.74
Super Trend (3,10):	2,069.29
Zig ZAG (10):	2,198.45
VORTEX (21):	0.9300
Stochastique (14,3,5):	89.37
TEMA (21):	2,148.80
Williams %R (14):	-13.94
Chande Momentum Oscillator (20):	99.30
Repulse (5,40,3):	0.2700
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	4.12

MA7:	2,148.90
MA20:	2,127.33
MA50:	2,230.47
MA100:	2,248.70
MAexp7:	2,164.19
MAexp20:	2,157.16
MAexp50:	2,201.84
MAexp100:	2,256.51
Price / MA7:	+2.36%
Price / MA20:	+3.39%
Price / MA50:	-1.39%
Price / MA100:	-2.19%
Price / MAexp7:	+1.63%
Price / MAexp20:	+1.96%
Price / MAexp50:	-0.10%
Price / MAexp100:	-2.53%

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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