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 07/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2,485.41 EUR

My targets

2,722.29 EUR (+5.09%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CAC 40 EQUAL WEIGH as long as the price remains well above 2,485.41 EUR. The buyers' bullish objective is set at 2,722.29 EUR. A bullish break in this resistance would boost the bullish momentum.

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

5.4

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 2,590.50 EUR. On the day, this instrument lost -0.01% and was between 2,589.58 EUR and 2,604.56 EUR. This implies that the price is at +0.04% from its lowest and at -0.54% from its highest.

2,589.58

2,604.56

2,590.50

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CAC 40 EQUAL WEIGH indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. 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. 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

The Central Indicators scanner found this result concerning these indicators:

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,184.94	2,287.44	2,485.41	2,590.50	2,597.02	2,722.29
Change (%)	-15.66%	-11.70%	-4.06%	-	+0.25%	+5.09%
Change	-405.56	-303.06	-105.09	-	+6.52	+131.79
Level	Minor	Major	Major	-	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,549.78	2,561.18	2,575.95	2,587.35	2,602.12	2,613.52	2,628.29
Camarilla	2,583.53	2,585.93	2,588.33	2,590.73	2,593.13	2,595.53	2,597.93
Woodie	2,551.48	2,562.02	2,577.65	2,588.19	2,603.82	2,614.36	2,629.99
Fibonacci	2,561.18	2,571.17	2,577.35	2,587.35	2,597.34	2,603.52	2,613.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,388.22	2,431.92	2,511.33	2,555.03	2,634.44	2,678.14	2,757.55
Camarilla	2,556.88	2,568.16	2,579.45	2,590.73	2,602.02	2,613.30	2,624.59
Woodie	2,406.07	2,440.85	2,529.18	2,563.96	2,652.29	2,687.07	2,775.40
Fibonacci	2,431.92	2,478.95	2,508.01	2,555.03	2,602.06	2,631.12	2,678.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,388.22	2,431.92	2,511.33	2,555.03	2,634.44	2,678.14	2,757.55
Camarilla	2,556.88	2,568.16	2,579.45	2,590.73	2,602.02	2,613.30	2,624.59
Woodie	2,406.07	2,440.85	2,529.18	2,563.96	2,652.29	2,687.07	2,775.40
Fibonacci	2,431.92	2,478.95	2,508.01	2,555.03	2,602.06	2,631.12	2,678.14

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):	59.46
MACD (12,26,9):	1.4600
Directional Movement:	9.28
AROON (14):	35.71
DEMA (21):	2,549.62
Parabolic SAR (0,02-0,02-0,2):	2,482.39
Elder Ray (13):	43.75
Super Trend (3,10):	2,515.79
Zig ZAG (10):	2,590.29
VORTEX (21):	1.0600
Stochastique (14,3,5):	86.08
TEMA (21):	2,559.46
Williams %R (14):	-9.66
Chande Momentum Oscillator (20):	31.20
Repulse (5,40,3):	0.6000
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.41

MA7:	2,546.51
MA20:	2,547.36
MA50:	2,563.71
MA100:	2,586.67
MAexp7:	2,561.96
MAexp20:	2,551.40
MAexp50:	2,559.00
MAexp100:	2,548.65
Price / MA7:	+1.73%
Price / MA20:	+1.69%
Price / MA50:	+1.04%
Price / MA100:	+0.15%
Price / MAexp7:	+1.11%
Price / MAexp20:	+1.53%
Price / MAexp50:	+1.23%
Price / MAexp100:	+1.64%

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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