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 02/08/2024 (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

67%

28%

My opinion

Bullish above 7,495.84 EUR

My targets

7,812.77 EUR (+2.65%)

7,968.78 EUR (+4.70%)

My analysis

The bullish trend is currently very strong on CAC40 INDEX. As long as the price remains above the support at 7,495.84 EUR, you could try to benefit from the boom. The first bullish objective is located at 7,812.77 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7,968.78 EUR as an objective. Crossing it would then enable buyers to target 8,234.62 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

The CAC40 INDEX rating is 7,611.26 EUR. The price registered a decrease of -0.36% on the session and was traded between 7,610.18 EUR and 7,652.85 EUR over the period. The price is currently at +0.01% from its lowest and -0.54% from its highest.

7,610.18

7,652.85

7,611.26

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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

A technical analysis in Daily of this CAC40 INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	7,382.52	7,495.84	7,577.00	7,611.26	7,677.47
Change (%)	-3.01%	-1.52%	-0.45%	-	+0.87%
Change	-228.74	-115.42	-34.26	-	+66.21
Level	Major	Major	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	7,554.01	7,582.09	7,596.68	7,624.76	7,639.35	7,667.43	7,682.02
Camarilla	7,599.53	7,603.44	7,607.35	7,611.26	7,615.17	7,619.08	7,622.99
Woodie	7,547.26	7,578.72	7,589.93	7,621.39	7,632.60	7,664.06	7,675.27
Fibonacci	7,582.09	7,598.39	7,608.46	7,624.76	7,641.06	7,651.13	7,667.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,407.69	7,488.88	7,540.57	7,621.76	7,673.45	7,754.64	7,806.33
Camarilla	7,555.72	7,567.90	7,580.08	7,592.26	7,604.44	7,616.62	7,628.80
Woodie	7,392.94	7,481.51	7,525.82	7,614.39	7,658.70	7,747.27	7,791.58
Fibonacci	7,488.88	7,539.64	7,571.00	7,621.76	7,672.52	7,703.88	7,754.64

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.04
MACD (12,26,9):	52.0100
Directional Movement:	10.66
AROON (14):	64.29
DEMA (21):	7,606.88
Parabolic SAR (0,02-0,02-0,2):	7,558.23
Elder Ray (13):	60.02
Super Trend (3,10):	7,452.51
Zig ZAG (10):	7,611.26
VORTEX (21):	1.0200
Stochastique (14,3,5):	76.73
TEMA (21):	7,623.44
Williams %R (14):	-26.03
Chande Momentum Oscillator (20):	198.01
Repulse (5,40,3):	-0.4300
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	5.98

MA7:	7,622.20
MA20:	7,505.28
MA50:	7,481.80
MA100:	7,276.78
MAexp7:	7,602.81
MAexp20:	7,543.65
MAexp50:	7,456.35
MAexp100:	7,371.51
Price / MA7:	-0.14%
Price / MA20:	+1.41%
Price / MA50:	+1.73%
Price / MA100:	+4.60%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.90%
Price / MAexp50:	+2.08%
Price / MAexp100:	+3.25%

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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