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 01/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2,535.84 EUR

My targets

2,597.02 EUR (+1.34%)

2,722.29 EUR (+6.23%)

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 2,535.84 EUR. The next resistance located at 2,597.02 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 2,722.29 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

8.4

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 2,562.70 EUR. The price registered a decrease of -0.03% on the session and was between 2,542.33 EUR and 2,566.53 EUR. This implies that the price is at +0.80% from its lowest and at -0.15% from its highest.

2,542.33

2,566.53

2,562.70

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAC 40 EQUAL WEIGH:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

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
ProTrendLines	2,304.29	2,433.44	2,535.84	2,562.70	2,597.02	2,722.29
Change (%)	-10.08%	-5.04%	-1.05%	-	+1.34%	+6.23%
Change	-258.41	-129.26	-26.86	-	+34.32	+159.59
Level	Intermediate	Major	Major	-	Minor	Major

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	2,534.88	2,541.28	2,552.33	2,558.73	2,569.78	2,576.18	2,587.23
Camarilla	2,558.57	2,560.17	2,561.77	2,563.37	2,564.97	2,566.57	2,568.17
Woodie	2,537.20	2,542.44	2,554.65	2,559.89	2,572.10	2,577.34	2,589.55
Fibonacci	2,541.28	2,547.95	2,552.07	2,558.73	2,565.40	2,569.52	2,576.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,469.94	2,489.34	2,526.35	2,545.75	2,582.76	2,602.16	2,639.17
Camarilla	2,547.86	2,553.03	2,558.20	2,563.37	2,568.54	2,573.71	2,578.88
Woodie	2,478.76	2,493.74	2,535.17	2,550.15	2,591.58	2,606.56	2,647.99
Fibonacci	2,489.34	2,510.89	2,524.20	2,545.75	2,567.30	2,580.61	2,602.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,088.23	2,186.27	2,251.38	2,349.42	2,414.53	2,512.57	2,577.68
Camarilla	2,271.63	2,286.59	2,301.55	2,316.50	2,331.46	2,346.41	2,361.37
Woodie	2,071.78	2,178.04	2,234.93	2,341.19	2,398.08	2,504.34	2,561.23
Fibonacci	2,186.27	2,248.59	2,287.09	2,349.42	2,411.74	2,450.24	2,512.57

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):	69.45
MACD (12,26,9):	43.0600
Directional Movement:	19.52
AROON (14):	92.86
DEMA (21):	2,553.39
Parabolic SAR (0,02-0,02-0,2):	2,522.92
Elder Ray (13):	31.64
Super Trend (3,10):	2,476.66
Zig ZAG (10):	2,562.45
VORTEX (21):	1.2800
Stochastique (14,3,5):	96.53
TEMA (21):	2,569.50
Williams %R (14):	-3.35
Chande Momentum Oscillator (20):	55.85
Repulse (5,40,3):	1.2900
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	7.27

MA7:	2,537.71
MA20:	2,499.38
MA50:	2,427.21
MA100:	2,328.55
MAexp7:	2,542.64
MAexp20:	2,498.04
MAexp50:	2,432.95
MAexp100:	2,382.18
Price / MA7:	+0.98%
Price / MA20:	+2.53%
Price / MA50:	+5.58%
Price / MA100:	+10.06%
Price / MAexp7:	+0.79%
Price / MAexp20:	+2.59%
Price / MAexp50:	+5.33%
Price / MAexp100:	+7.58%

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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