CAC40 INDEX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	PX1
ISIN:	FR0003500008

CAC40 INDEX - Daily - Technical analysis published on 02/02/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 7,382.89 EUR

My targets

7,812.77 EUR (+2.95%)

7,968.78 EUR (+5.01%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC40 INDEX as long as the price remains well above 7,382.89 EUR. The buyers' bullish objective is set at 7,812.77 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,968.78 EUR. If there is any crossing, the next objective would be the resistance located at 8,234.62 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 Muhahaha. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAC40 INDEX rating is 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

Here is a more detailed summary of the historical variations registered by CAC40 INDEX:

The Central Records scanner for higher/lower results shows the following items:

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 Daily chart of CAC40 INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Downside gap

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	7,163.53	7,382.89	7,577.00	7,588.75
Change (%)	-5.60%	-2.71%	-0.15%	-
Change	-425.22	-205.86	-11.75	-
Level	Intermediate	Major	Major	-

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 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):	58.54
MACD (12,26,9):	50.3900
Directional Movement:	8.38
AROON (14):	71.43
DEMA (21):	7,568.44
Parabolic SAR (0,02-0,02-0,2):	7,452.39
Elder Ray (13):	56.87
Super Trend (3,10):	7,452.51
Zig ZAG (10):	7,588.75
VORTEX (21):	1.0100
Stochastique (14,3,5):	86.62
TEMA (21):	7,585.26
Williams %R (14):	-27.07
Chande Momentum Oscillator (20):	190.75
Repulse (5,40,3):	-0.0800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	4.40

MA7:	7,588.25
MA20:	7,469.84
MA50:	7,454.37
MA100:	7,264.08
MAexp7:	7,583.93
MAexp20:	7,511.27
MAexp50:	7,429.93
MAexp100:	7,351.45
Price / MA7:	+0.01%
Price / MA20:	+1.59%
Price / MA50:	+1.80%
Price / MA100:	+4.47%
Price / MAexp7:	+0.06%
Price / MAexp20:	+1.03%
Price / MAexp50:	+2.14%
Price / MAexp100:	+3.23%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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