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 - Weekly - Technical analysis published on 02/02/2024 (GMT)

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Timeframe : Weekly
- 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 7,125.08 EUR

My targets

7,812.77 EUR (+2.95%)

8,234.62 EUR (+8.51%)

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 7,125.08 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 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

CAC40 INDEX rating 7,588.75 EUR. The price is lower by -0.60% over the 5 days with the lowest point at 7,570.07 EUR and the highest point at 7,702.95 EUR. The deviation from the price is +0.25% for the low point and -1.48% for the high point.

7,570.07

7,702.95

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 CAC40 INDEX in Weekly shows a strongly overall bullish trend. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	5,664.61	6,794.30	7,577.00	7,588.75
Change (%)	-25.36%	-10.47%	-0.15%	-
Change	-1,924.14	-794.45	-11.75	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

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):	59.10
MACD (12,26,9):	98.5800
Directional Movement:	7.45
AROON (14):	100.00
DEMA (21):	7,494.42
Parabolic SAR (0,02-0,02-0,2):	7,281.10
Elder Ray (13):	201.88
Super Trend (3,10):	7,094.25
Zig ZAG (10):	7,588.75
VORTEX (21):	1.1000
Stochastique (14,3,5):	84.29
TEMA (21):	7,540.37
Williams %R (14):	-12.79
Chande Momentum Oscillator (20):	543.71
Repulse (5,40,3):	0.8600
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	13.96

MA7:	7,588.25
MA20:	7,469.84
MA50:	7,454.37
MA100:	7,264.08
MAexp7:	7,504.99
MAexp20:	7,380.33
MAexp50:	7,221.96
MAexp100:	6,974.35
Price / MA7:	+0.01%
Price / MA20:	+1.59%
Price / MA50:	+1.80%
Price / MA100:	+4.47%
Price / MAexp7:	+1.12%
Price / MAexp20:	+2.82%
Price / MAexp50:	+5.08%
Price / MAexp100:	+8.81%

Quotes : - 15 min delayed data - Euronext Indices

News

The last news published on CAC40 INDEX at the time of the generation of this analysis was as follows:

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

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