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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 10/26/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2,260.74 EUR
My targets
2,326.64 EUR (+2.44%)
2,439.30 EUR (+7.40%)
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 2,260.74 EUR. The buyers' bullish objective is set at 2,326.64 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,439.30 EUR. If there is any crossing, the next objective would be the resistance located at 2,537.22 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

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.

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

Additional analysis

Quotes

CAC 40 EQUAL WEIGH rating 2,271.33 EUR. On the day, this instrument lost -0.01% and was between 2,262.07 EUR and 2,271.34 EUR. This implies that the price is at +0.41% from its lowest and at +0.00% from its highest.

2,262.07
2,271.34
2,271.33

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAC 40 EQUAL WEIGH indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,184.76 2,225.09 2,260.74 2,271.33 2,439.30 2,537.22 2,597.02
Change (%) -3.81% -2.04% -0.47% - +7.40% +11.71% +14.34%
Change -86.57 -46.24 -10.59 - +167.97 +265.89 +325.69
Level Intermediate Intermediate Major - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,195.562,210.882,241.172,256.492,286.782,302.102,332.39
Camarilla2,258.912,263.092,267.272,271.452,275.632,279.812,283.99
Woodie2,203.042,214.622,248.652,260.232,294.262,305.842,339.87
Fibonacci2,210.882,228.312,239.072,256.492,273.922,284.682,302.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,053.612,093.712,144.622,184.722,235.632,275.732,326.64
Camarilla2,170.512,178.862,187.202,195.542,203.882,212.232,220.57
Woodie2,059.032,096.412,150.042,187.422,241.052,278.432,332.06
Fibonacci2,093.712,128.472,149.952,184.722,219.482,240.962,275.73


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 69.78
MACD (12,26,9): 16.1400
Directional Movement: 28.03
AROON (14): 71.43
DEMA (21): 2,256.68
Parabolic SAR (0,02-0,02-0,2): 2,238.37
Elder Ray (13): 20.11
Super Trend (3,10): 2,228.79
Zig ZAG (10): 2,264.23
VORTEX (21): 1.2600
Stochastique (14,3,5): 93.52
TEMA (21): 2,263.20
Williams %R (14): -12.95
Chande Momentum Oscillator (20): 22.66
Repulse (5,40,3): 0.9100
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 2.79
MA7: 2,224.34
MA20: 2,157.31
MA50: 2,212.25
MA100: 2,239.52
MAexp7: 2,255.32
MAexp20: 2,236.68
MAexp50: 2,212.32
MAexp100: 2,188.31
Price / MA7: +2.11%
Price / MA20: +5.29%
Price / MA50: +2.67%
Price / MA100: +1.42%
Price / MAexp7: +0.71%
Price / MAexp20: +1.55%
Price / MAexp50: +2.67%
Price / MAexp100: +3.79%

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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Londinia
Londinia AI

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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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