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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 11/25/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 2,392.67 EUR
My targets
2,487.69 EUR (+2.40%)
2,537.22 EUR (+4.44%)
My analysis
CAC 40 EQUAL WEIGH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,392.67 EUR. The next resistance located at 2,487.69 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,537.22 EUR. After this resistance, buyers could then target 2,597.02 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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

The CAC 40 EQUAL WEIGH price is 2,429.41 EUR. The price registered a decrease of -0.01% on the session and was traded between 2,421.41 EUR and 2,433.83 EUR over the period. The price is currently at +0.33% from its lowest and -0.18% from its highest.

2,421.41
2,433.83
2,429.41

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,260.74 2,283.10 2,354.24 2,429.41 2,433.26 2,487.69 2,537.22
Change (%) -6.94% -6.02% -3.09% - +0.16% +2.40% +4.44%
Change -168.67 -146.31 -75.17 - +3.85 +58.28 +107.81
Level Major Minor Intermediate - Major Minor 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
Standard2,397.022,406.382,418.042,427.402,439.062,448.422,460.08
Camarilla2,423.922,425.852,427.772,429.702,431.632,433.552,435.48
Woodie2,398.172,406.962,419.192,427.982,440.212,449.002,461.23
Fibonacci2,406.382,414.412,419.372,427.402,435.432,440.392,448.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,287.272,320.752,359.192,392.672,431.112,464.592,503.03
Camarilla2,377.842,384.442,391.032,397.622,404.212,410.812,417.40
Woodie2,289.742,321.992,361.662,393.912,433.582,465.832,505.50
Fibonacci2,320.752,348.232,365.202,392.672,420.152,437.122,464.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,879.401,962.022,119.612,202.232,359.822,442.442,600.03
Camarilla2,211.152,233.172,255.192,277.212,299.232,321.252,343.27
Woodie1,916.901,980.762,157.112,220.972,397.322,461.182,637.53
Fibonacci1,962.022,053.782,110.472,202.232,293.992,350.682,442.44

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): 61.96
MACD (12,26,9): 7.0400
Directional Movement: 10.18
AROON (14): 28.57
DEMA (21): 2,432.59
Parabolic SAR (0,02-0,02-0,2): 2,436.15
Elder Ray (13): 3.84
Super Trend (3,10): 2,413.72
Zig ZAG (10): 2,430.50
VORTEX (21): 1.2200
Stochastique (14,3,5): 77.62
TEMA (21): 2,433.76
Williams %R (14): -28.26
Chande Momentum Oscillator (20): 0.45
Repulse (5,40,3): 0.0600
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 1.31
MA7: 2,407.06
MA20: 2,361.84
MA50: 2,242.88
MA100: 2,272.09
MAexp7: 2,428.95
MAexp20: 2,423.03
MAexp50: 2,410.13
MAexp100: 2,389.58
Price / MA7: +0.93%
Price / MA20: +2.86%
Price / MA50: +8.32%
Price / MA100: +6.92%
Price / MAexp7: +0.02%
Price / MAexp20: +0.26%
Price / MAexp50: +0.80%
Price / MAexp100: +1.67%

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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