CAC40 INDEX - 1H - Technical analysis published on 06/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 4,904.67 EUR
My targets
4,815.60 EUR (-1.14%)
4,694.14 EUR (-3.64%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAC40 INDEX, which is a positive signal for sellers. As long as the price remains above 4,904.67 EUR, a sale could be considered. The first bearish objective is located at 4,815.60 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,694.14 EUR as an objective. Crossing it would then enable sellers to target 4,600.13 EUR. If the price were to return above 4,904.67 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC40 INDEX price is 4,871.36 EUR. On the day, this instrument lost -2.92% with the lowest point at 4,871.36 EUR and the highest point at 5,004.04 EUR. The deviation from the price is 0% for the low point and -2.65% for the high point.4,871.36
5,004.04
4,871.36
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC40 INDEX indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,600.13 | 4,694.14 | 4,815.60 | 4,871.36 | 4,904.67 | 4,966.82 | 5,054.83 |
| Change (%) | -5.57% | -3.64% | -1.14% | - | +0.68% | +1.96% | +3.77% |
| Change | -271.23 | -177.22 | -55.76 | - | +33.31 | +95.46 | +183.47 |
| Level | Major | Major | Intermediate | - | 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 | 4,887.71 | 4,925.15 | 4,971.42 | 5,008.86 | 5,055.13 | 5,092.57 | 5,138.84 |
| Camarilla | 4,994.66 | 5,002.33 | 5,010.01 | 5,017.68 | 5,025.35 | 5,033.03 | 5,040.70 |
| Woodie | 4,892.12 | 4,927.36 | 4,975.83 | 5,011.07 | 5,059.54 | 5,094.78 | 5,143.25 |
| Fibonacci | 4,925.15 | 4,957.13 | 4,976.89 | 5,008.86 | 5,040.84 | 5,060.60 | 5,092.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,418.69 | 4,555.25 | 4,767.35 | 4,903.91 | 5,116.01 | 5,252.57 | 5,464.67 |
| Camarilla | 4,883.57 | 4,915.53 | 4,947.49 | 4,979.45 | 5,011.41 | 5,043.37 | 5,075.33 |
| Woodie | 4,456.46 | 4,574.14 | 4,805.12 | 4,922.80 | 5,153.78 | 5,271.46 | 5,502.44 |
| Fibonacci | 4,555.25 | 4,688.44 | 4,770.72 | 4,903.91 | 5,037.10 | 5,119.38 | 5,252.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,742.47 | 3,968.53 | 4,331.98 | 4,558.04 | 4,921.49 | 5,147.55 | 5,511.00 |
| Camarilla | 4,533.33 | 4,587.36 | 4,641.40 | 4,695.44 | 4,749.48 | 4,803.52 | 4,857.56 |
| Woodie | 3,811.18 | 4,002.88 | 4,400.69 | 4,592.39 | 4,990.20 | 5,181.90 | 5,579.70 |
| Fibonacci | 3,968.53 | 4,193.72 | 4,332.84 | 4,558.04 | 4,783.23 | 4,922.35 | 5,147.55 |
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): | 32.82 | |
| MACD (12,26,9): | -22.0200 | |
| Directional Movement: | -22.98 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 4,927.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,995.71 | |
| Elder Ray (13): | -48.55 | |
| Super Trend (3,10): | 4,978.84 | |
| Zig ZAG (10): | 4,871.36 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 3.48 | |
| TEMA (21): | 4,904.33 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -161.74 | |
| Repulse (5,40,3): | -1.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.59 |
| MA7: | 4,960.62 | |
| MA20: | 4,941.99 | |
| MA50: | 4,657.71 | |
| MA100: | 4,847.93 | |
| MAexp7: | 4,915.96 | |
| MAexp20: | 4,950.65 | |
| MAexp50: | 4,963.04 | |
| MAexp100: | 4,950.63 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | -1.43% | |
| Price / MA50: | +4.59% | |
| Price / MA100: | +0.48% | |
| Price / MAexp7: | -0.91% | |
| Price / MAexp20: | -1.60% | |
| Price / MAexp50: | -1.85% | |
| Price / MAexp100: | -1.60% |
Quotes :
2020-06-24 15:35:01
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15 min delayed data
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Euronext Indices
News
Don"t forget to follow the news on CAC40 INDEX. At the time of publication of this analysis, the latest news was as follows:
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Will the CAC 40 break higher? - 19th September 2019
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L’actualité du Cac 40 à la clôture
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DAX 30 , CAC 40 , Eurostoxx 50 gap lower on a stronger EURO, Draghi bites
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Why I'm selling the CAC 40: O'Hare
This member declared not having a position on this financial instrument or a related financial instrument.
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