CAC40 FCE FULL0425 - 1H - Technical analysis published on 04/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6,159.88 EUR
My targets
6,220.70 EUR (+0.37%)
6,253.00 EUR (+0.90%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAC40 FCE FULL0521. This is a positive signal for buyers. As long as the price remains above 6,159.88 EUR, a purchase could be considered. The first bullish objective is located at 6,220.70 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,253.00 EUR as an objective. In the event of a return below 6,159.88 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC40 FCE FULL0521 price is 6,197.50 EUR. On the day, this instrument gained +0.75% with the lowest point at 6,166.00 EUR and the highest point at 6,208.50 EUR. The deviation from the price is +0.51% for the low point and -0.18% for the high point.6,166.00
6,208.50
6,197.50
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
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 1H of this CAC40 FCE FULL0521 chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 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 : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6,127.50 | 6,159.88 | 6,194.76 | 6,197.50 | 6,220.70 | 6,253.00 |
| Change (%) | -1.13% | -0.61% | -0.04% | - | +0.37% | +0.90% |
| Change | -70.00 | -37.62 | -2.74 | - | +23.20 | +55.50 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate |
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 | 6,011.50 | 6,053.50 | 6,102.50 | 6,144.50 | 6,193.50 | 6,235.50 | 6,284.50 |
| Camarilla | 6,126.48 | 6,134.82 | 6,143.16 | 6,151.50 | 6,159.84 | 6,168.18 | 6,176.53 |
| Woodie | 6,015.00 | 6,055.25 | 6,106.00 | 6,146.25 | 6,197.00 | 6,237.25 | 6,288.00 |
| Fibonacci | 6,053.50 | 6,088.26 | 6,109.74 | 6,144.50 | 6,179.26 | 6,200.74 | 6,235.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,973.00 | 6,028.50 | 6,139.00 | 6,194.50 | 6,305.00 | 6,360.50 | 6,471.00 |
| Camarilla | 6,203.85 | 6,219.07 | 6,234.28 | 6,249.50 | 6,264.72 | 6,279.93 | 6,295.15 |
| Woodie | 6,000.50 | 6,042.25 | 6,166.50 | 6,208.25 | 6,332.50 | 6,374.25 | 6,498.50 |
| Fibonacci | 6,028.50 | 6,091.91 | 6,131.09 | 6,194.50 | 6,257.91 | 6,297.09 | 6,360.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,382.33 | 5,518.67 | 5,757.33 | 5,893.67 | 6,132.33 | 6,268.67 | 6,507.33 |
| Camarilla | 5,892.88 | 5,927.25 | 5,961.63 | 5,996.00 | 6,030.38 | 6,064.75 | 6,099.13 |
| Woodie | 5,433.50 | 5,544.25 | 5,808.50 | 5,919.25 | 6,183.50 | 6,294.25 | 6,558.50 |
| Fibonacci | 5,518.67 | 5,661.92 | 5,750.42 | 5,893.67 | 6,036.92 | 6,125.42 | 6,268.67 |
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): | 59.06 | |
| MACD (12,26,9): | 9.8700 | |
| Directional Movement: | 7.90 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 6,181.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,181.30 | |
| Elder Ray (13): | 13.77 | |
| Super Trend (3,10): | 6,144.37 | |
| Zig ZAG (10): | 6,197.50 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 88.76 | |
| TEMA (21): | 6,197.41 | |
| Williams %R (14): | -11.80 | |
| Chande Momentum Oscillator (20): | 39.50 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.78 |
| MA7: | 6,176.50 | |
| MA20: | 6,080.98 | |
| MA50: | 5,899.84 | |
| MA100: | 5,692.10 | |
| MAexp7: | 6,187.81 | |
| MAexp20: | 6,172.26 | |
| MAexp50: | 6,169.58 | |
| MAexp100: | 6,157.96 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +1.92% | |
| Price / MA50: | +5.05% | |
| Price / MA100: | +8.88% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.64% |
Quotes :
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15 min delayed data
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LIFFE FR Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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