CAC40 INDEX - 15 min. - Technical analysis published on 02/02/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 7,616.43 EUR
My targets
7,565.57 EUR (-0.31%)
7,542.39 EUR (-0.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAC40 INDEX as long as the price remains well below 7,616.43 EUR. The sellers' bearish objective is set at 7,565.57 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,542.39 EUR. In case of crossing, the next objective would be the support located at 7,514.71 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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Additional analysis
Quotes
CAC40 INDEX rating 7,588.75 EUR. On the day, this instrument lost -0.89% and was traded between 7,570.07 EUR and 7,620.93 EUR over the period. The price is currently at +0.25% from its lowest and -0.42% from its highest.7,570.07
7,620.93
7,588.75
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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 (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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7,382.89 | 7,479.15 | 7,577.00 | 7,588.75 | 7,620.53 | 7,702.95 |
| Change (%) | -2.71% | -1.44% | -0.15% | - | +0.42% | +1.50% |
| Change | -205.86 | -109.60 | -11.75 | - | +31.78 | +114.20 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,514.71 | 7,542.39 | 7,565.57 | 7,593.25 | 7,616.43 | 7,644.11 | 7,667.29 |
| Camarilla | 7,574.76 | 7,579.43 | 7,584.09 | 7,588.75 | 7,593.41 | 7,598.07 | 7,602.74 |
| Woodie | 7,512.46 | 7,541.27 | 7,563.32 | 7,592.13 | 7,614.18 | 7,642.99 | 7,665.04 |
| Fibonacci | 7,542.39 | 7,561.82 | 7,573.82 | 7,593.25 | 7,612.68 | 7,624.68 | 7,644.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,183.81 | 7,278.51 | 7,456.33 | 7,551.03 | 7,728.85 | 7,823.55 | 8,001.37 |
| Camarilla | 7,559.20 | 7,584.18 | 7,609.16 | 7,634.14 | 7,659.12 | 7,684.10 | 7,709.08 |
| Woodie | 7,225.36 | 7,299.29 | 7,497.88 | 7,571.81 | 7,770.40 | 7,844.33 | 8,042.92 |
| Fibonacci | 7,278.51 | 7,382.62 | 7,446.93 | 7,551.03 | 7,655.14 | 7,719.45 | 7,823.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,969.07 | 7,125.08 | 7,390.92 | 7,546.93 | 7,812.77 | 7,968.78 | 8,234.62 |
| Camarilla | 7,540.74 | 7,579.41 | 7,618.08 | 7,656.75 | 7,695.42 | 7,734.09 | 7,772.76 |
| Woodie | 7,023.98 | 7,152.54 | 7,445.83 | 7,574.39 | 7,867.68 | 7,996.24 | 8,289.53 |
| Fibonacci | 7,125.08 | 7,286.23 | 7,385.79 | 7,546.93 | 7,708.08 | 7,807.64 | 7,968.78 |
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): | 40.97 | |
| MACD (12,26,9): | -9.8500 | |
| Directional Movement: | -11.19 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 7,587.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,613.24 | |
| Elder Ray (13): | -12.12 | |
| Super Trend (3,10): | 7,607.59 | |
| Zig ZAG (10): | 7,588.75 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 16.19 | |
| TEMA (21): | 7,587.37 | |
| Williams %R (14): | -63.27 | |
| Chande Momentum Oscillator (20): | -26.27 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.49 |
| MA7: | 7,588.25 | |
| MA20: | 7,469.84 | |
| MA50: | 7,454.37 | |
| MA100: | 7,264.08 | |
| MAexp7: | 7,588.73 | |
| MAexp20: | 7,599.92 | |
| MAexp50: | 7,618.62 | |
| MAexp100: | 7,626.44 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +1.80% | |
| Price / MA100: | +4.47% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.49% |
Quotes :
-
15 min delayed data
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Euronext Indices
News
The last news published on CAC40 INDEX at the time of the generation of this analysis was as follows:
-
CAC Forecast January 18, 2023
-
CAC (France 40) Forecast January 13, 2023
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CAC Forecast January 11, 2023
-
DAX and CAC Forecast July 15, 2022
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DAX and CAC Forecast July 5, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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