CAC40 INDEX - 1H - Technical analysis published on 11/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
44%
28%
28%
My opinion
Bullish above 7,136.13 EUR
My targets
7,332.21 EUR (+1.17%)
7,376.37 EUR (+1.78%)
My analysis
The strong short-term increase in CAC40 INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 7,136.13 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 7,332.21 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7,376.37 EUR as an objective. Crossing it would then enable buyers to target 7,451.73 EUR. Caution, a return under 7,136.13 EUR could jeopardize the reversal.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.3
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Additional analysis
Quotes
The CAC40 INDEX rating is 7,247.29 EUR. The price is lower by -0.14% since the last closing and was between 7,185.49 EUR and 7,253.19 EUR. This implies that the price is at +0.86% from its lowest and at -0.08% from its highest.7,185.49
7,253.19
7,247.29
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC40 INDEX:
Near a new LOW record (1 year)
Type : Bearish
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 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,795.38 | 7,136.13 | 7,237.87 | 7,247.29 | 7,332.21 | 7,376.37 | 7,451.73 |
| Change (%) | -6.24% | -1.53% | -0.13% | - | +1.17% | +1.78% | +2.82% |
| Change | -451.91 | -111.16 | -9.42 | - | +84.92 | +129.08 | +204.44 |
| Level | Major | Major | Minor | - | Major | Major | 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 | 7,126.31 | 7,182.84 | 7,220.16 | 7,276.69 | 7,314.01 | 7,370.54 | 7,407.86 |
| Camarilla | 7,231.66 | 7,240.26 | 7,248.87 | 7,257.47 | 7,266.07 | 7,274.68 | 7,283.28 |
| Woodie | 7,116.70 | 7,178.04 | 7,210.55 | 7,271.89 | 7,304.40 | 7,365.74 | 7,398.25 |
| Fibonacci | 7,182.84 | 7,218.69 | 7,240.84 | 7,276.69 | 7,312.54 | 7,334.69 | 7,370.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,987.10 | 7,059.16 | 7,157.08 | 7,229.14 | 7,327.06 | 7,399.12 | 7,497.04 |
| Camarilla | 7,208.27 | 7,223.85 | 7,239.43 | 7,255.01 | 7,270.59 | 7,286.17 | 7,301.76 |
| Woodie | 7,000.04 | 7,065.63 | 7,170.02 | 7,235.61 | 7,340.00 | 7,405.59 | 7,509.98 |
| Fibonacci | 7,059.16 | 7,124.09 | 7,164.20 | 7,229.14 | 7,294.07 | 7,334.18 | 7,399.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,887.42 | 7,101.70 | 7,226.03 | 7,440.31 | 7,564.64 | 7,778.92 | 7,903.25 |
| Camarilla | 7,257.25 | 7,288.29 | 7,319.33 | 7,350.37 | 7,381.41 | 7,412.45 | 7,443.49 |
| Woodie | 6,842.46 | 7,079.21 | 7,181.07 | 7,417.82 | 7,519.68 | 7,756.43 | 7,858.29 |
| Fibonacci | 7,101.70 | 7,231.05 | 7,310.96 | 7,440.31 | 7,569.66 | 7,649.57 | 7,778.92 |
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): | 52.23 | |
| MACD (12,26,9): | 2.0400 | |
| Directional Movement: | -0.45 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 7,242.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,321.76 | |
| Elder Ray (13): | 7.48 | |
| Super Trend (3,10): | 7,287.42 | |
| Zig ZAG (10): | 7,248.83 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 31.87 | |
| TEMA (21): | 7,241.40 | |
| Williams %R (14): | -59.85 | |
| Chande Momentum Oscillator (20): | -37.09 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.35 |
| MA7: | 7,239.63 | |
| MA20: | 7,311.90 | |
| MA50: | 7,460.88 | |
| MA100: | 7,466.10 | |
| MAexp7: | 7,235.69 | |
| MAexp20: | 7,238.12 | |
| MAexp50: | 7,239.59 | |
| MAexp100: | 7,268.75 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -2.86% | |
| Price / MA100: | -2.93% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | -0.30% |
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:
-
CAC 40 Forecast November 1, 2024
-
CAC 40 Forecast October 25, 2024
-
CAC 40 Forecast October 21, 2024
-
CAC 40 Forecast October 15, 2024
-
CAC 40 Forecast October 1, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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