CAC40 INDEX - 15 min. - Technical analysis published on 02/10/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
44%
6%
50%
My opinion
Bearish under 7,163.59 EUR
My targets
7,045.56 EUR (-0.79%)
6,989.56 EUR (-1.58%)
My analysis
The strong short-term decrease of CAC40 INDEX should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 7,163.59 EUR, a sale could be considered. The first bearish objective is located at 7,045.56 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 6,989.56 EUR. If there is any crossing, the next objective would be support 6,927.53 EUR. Caution, if there is a return to above 7,163.59 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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This analysis was given by mopheus. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC40 INDEX price is 7,101.55 EUR. The price registered a decrease of -0.41% on the session with the lowest point at 7,051.60 EUR and the highest point at 7,169.63 EUR. The deviation from the price is +0.71% for the low point and -0.95% for the high point.7,051.60
7,169.63
7,101.55
A study of price movements over other periods shows the following variations:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CAC40 INDEX indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,896.04 | 6,994.74 | 7,099.37 | 7,101.55 | 7,156.43 | 7,212.47 | 7,249.88 |
| Change (%) | -2.89% | -1.50% | -0.03% | - | +0.77% | +1.56% | +2.09% |
| Change | -205.51 | -106.81 | -2.18 | - | +54.88 | +110.92 | +148.33 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,927.53 | 6,989.56 | 7,045.56 | 7,107.59 | 7,163.59 | 7,225.62 | 7,281.62 |
| Camarilla | 7,069.09 | 7,079.91 | 7,090.73 | 7,101.55 | 7,112.37 | 7,123.19 | 7,134.01 |
| Woodie | 6,924.51 | 6,988.05 | 7,042.54 | 7,106.08 | 7,160.57 | 7,224.11 | 7,278.60 |
| Fibonacci | 6,989.56 | 7,034.65 | 7,062.51 | 7,107.59 | 7,152.68 | 7,180.54 | 7,225.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,624.82 | 6,769.79 | 6,860.59 | 7,005.56 | 7,096.36 | 7,241.33 | 7,332.13 |
| Camarilla | 6,886.54 | 6,908.16 | 6,929.77 | 6,951.38 | 6,972.99 | 6,994.61 | 7,016.22 |
| Woodie | 6,597.73 | 6,756.25 | 6,833.50 | 6,992.02 | 7,069.27 | 7,227.79 | 7,305.04 |
| Fibonacci | 6,769.79 | 6,859.86 | 6,915.50 | 7,005.56 | 7,095.63 | 7,151.27 | 7,241.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,076.72 | 6,415.48 | 6,707.34 | 7,046.10 | 7,337.96 | 7,676.72 | 7,968.58 |
| Camarilla | 6,825.78 | 6,883.59 | 6,941.39 | 6,999.20 | 7,057.01 | 7,114.81 | 7,172.62 |
| Woodie | 6,053.27 | 6,403.76 | 6,683.89 | 7,034.38 | 7,314.51 | 7,665.00 | 7,945.13 |
| Fibonacci | 6,415.48 | 6,656.38 | 6,805.20 | 7,046.10 | 7,287.00 | 7,435.82 | 7,676.72 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.55 | |
| MACD (12,26,9): | -6.0400 | |
| Directional Movement: | -8.17 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 7,098.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,064.14 | |
| Elder Ray (13): | -1.34 | |
| Super Trend (3,10): | 7,065.01 | |
| Zig ZAG (10): | 7,101.55 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 59.66 | |
| TEMA (21): | 7,094.85 | |
| Williams %R (14): | -36.61 | |
| Chande Momentum Oscillator (20): | 4.64 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.55 |
| MA7: | 7,048.91 | |
| MA20: | 7,047.63 | |
| MA50: | 7,067.36 | |
| MA100: | 6,938.95 | |
| MAexp7: | 7,101.89 | |
| MAexp20: | 7,106.55 | |
| MAexp50: | 7,110.01 | |
| MAexp100: | 7,095.86 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.48% | |
| Price / MA100: | +2.34% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.08% |
Quotes :
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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:
-
DAX and CAC Forecast January 7, 2022
-
CAC Forecast January 5, 2022
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DAX and CAC Forecast December 29, 2021
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CAC Forecast December 23, 2021
-
CAC Forecast December 16, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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