CAC ALL-TRADABLE - 1H - Technical analysis published on 03/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 5,273.73 EUR
My targets
5,356.70 EUR (+0.33%)
5,395.15 EUR (+1.05%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAC ALL-TRADABLE as long as the price remains well above 5,273.73 EUR. The buyers' bullish objective is set at 5,356.70 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,395.15 EUR. If there is any crossing, the next objective would be the resistance located at 5,456.56 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
4.3
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.
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Additional analysis
Quotes
The CAC ALL-TRADABLE price is 5,339.32 EUR. On the day, this instrument lost -0.01% and was traded between 5,295.37 EUR and 5,344.24 EUR over the period. The price is currently at +0.83% from its lowest and -0.09% from its highest.5,295.37
5,344.24
5,339.32
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC ALL-TRADABLE indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,147.97 | 5,233.76 | 5,273.73 | 5,339.32 | 5,356.70 | 5,395.15 | 5,456.56 |
| Change (%) | -3.58% | -1.98% | -1.23% | - | +0.33% | +1.05% | +2.20% |
| Change | -191.35 | -105.56 | -65.59 | - | +17.38 | +55.83 | +117.24 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Minor |
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 | 5,256.18 | 5,280.85 | 5,310.47 | 5,335.14 | 5,364.76 | 5,389.43 | 5,419.05 |
| Camarilla | 5,325.16 | 5,330.14 | 5,335.11 | 5,340.09 | 5,345.07 | 5,350.04 | 5,355.02 |
| Woodie | 5,258.66 | 5,282.09 | 5,312.95 | 5,336.38 | 5,367.24 | 5,390.67 | 5,421.53 |
| Fibonacci | 5,280.85 | 5,301.59 | 5,314.40 | 5,335.14 | 5,355.88 | 5,368.69 | 5,389.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,850.92 | 4,999.35 | 5,095.43 | 5,243.86 | 5,339.94 | 5,488.37 | 5,584.45 |
| Camarilla | 5,124.27 | 5,146.68 | 5,169.10 | 5,191.51 | 5,213.92 | 5,236.34 | 5,258.75 |
| Woodie | 4,824.75 | 4,986.26 | 5,069.26 | 5,230.77 | 5,313.77 | 5,475.28 | 5,558.28 |
| Fibonacci | 4,999.35 | 5,092.75 | 5,150.46 | 5,243.86 | 5,337.26 | 5,394.97 | 5,488.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,091.17 | 5,197.49 | 5,325.70 | 5,432.02 | 5,560.23 | 5,666.55 | 5,794.76 |
| Camarilla | 5,389.40 | 5,410.90 | 5,432.40 | 5,453.90 | 5,475.40 | 5,496.90 | 5,518.40 |
| Woodie | 5,102.11 | 5,202.96 | 5,336.64 | 5,437.49 | 5,571.17 | 5,672.02 | 5,805.70 |
| Fibonacci | 5,197.49 | 5,287.08 | 5,342.43 | 5,432.02 | 5,521.61 | 5,576.96 | 5,666.55 |
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): | 57.09 | |
| MACD (12,26,9): | 10.3900 | |
| Directional Movement: | -4.38 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 5,342.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,295.37 | |
| Elder Ray (13): | 6.22 | |
| Super Trend (3,10): | 5,297.92 | |
| Zig ZAG (10): | 5,337.25 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 57.66 | |
| TEMA (21): | 5,339.11 | |
| Williams %R (14): | -34.33 | |
| Chande Momentum Oscillator (20): | -5.96 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.30 |
| MA7: | 5,268.63 | |
| MA20: | 5,384.14 | |
| MA50: | 5,375.04 | |
| MA100: | 5,180.17 | |
| MAexp7: | 5,330.19 | |
| MAexp20: | 5,325.67 | |
| MAexp50: | 5,309.50 | |
| MAexp100: | 5,327.71 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | +3.07% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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