CAC ALL-TRADABLE - 1H - Technical analysis published on 08/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 5,518.59 EUR
My targets
5,428.62 EUR (-0.53%)
5,388.22 EUR (-1.27%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAC ALL-TRADABLE. As long as you are under the resistance located at 5,518.59 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5,428.62 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5,388.22 EUR as an objective. Crossing it would then enable sellers to target 5,339.79 EUR. If the resistance 5,518.59 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAC ALL-TRADABLE rating is 5,457.40 EUR. The price registered a decrease of -0.03% on the session and was traded between 5,426.46 EUR and 5,469.70 EUR over the period. The price is currently at +0.57% from its lowest and -0.22% from its highest.5,426.46
5,469.70
5,457.40
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
Here is a more detailed summary of the historical variations registered by CAC ALL-TRADABLE:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAC ALL-TRADABLE in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,339.79 | 5,388.22 | 5,428.62 | 5,457.40 | 5,463.26 | 5,518.59 | 5,560.77 |
| Change (%) | -2.16% | -1.27% | -0.53% | - | +0.11% | +1.12% | +1.89% |
| Change | -117.61 | -69.18 | -28.78 | - | +5.86 | +61.19 | +103.37 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,366.10 | 5,387.16 | 5,423.08 | 5,444.14 | 5,480.06 | 5,501.12 | 5,537.04 |
| Camarilla | 5,443.33 | 5,448.55 | 5,453.78 | 5,459.00 | 5,464.22 | 5,469.45 | 5,474.67 |
| Woodie | 5,373.53 | 5,390.88 | 5,430.51 | 5,447.86 | 5,487.49 | 5,504.84 | 5,544.47 |
| Fibonacci | 5,387.16 | 5,408.93 | 5,422.37 | 5,444.14 | 5,465.91 | 5,479.35 | 5,501.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,137.14 | 5,262.68 | 5,360.84 | 5,486.38 | 5,584.54 | 5,710.08 | 5,808.24 |
| Camarilla | 5,397.48 | 5,417.99 | 5,438.49 | 5,459.00 | 5,479.51 | 5,500.01 | 5,520.52 |
| Woodie | 5,123.45 | 5,255.84 | 5,347.15 | 5,479.54 | 5,570.85 | 5,703.24 | 5,794.55 |
| Fibonacci | 5,262.68 | 5,348.13 | 5,400.93 | 5,486.38 | 5,571.83 | 5,624.63 | 5,710.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,026.82 | 5,147.77 | 5,370.02 | 5,490.97 | 5,713.22 | 5,834.17 | 6,056.42 |
| Camarilla | 5,497.89 | 5,529.35 | 5,560.81 | 5,592.27 | 5,623.73 | 5,655.19 | 5,686.65 |
| Woodie | 5,077.47 | 5,173.10 | 5,420.67 | 5,516.30 | 5,763.87 | 5,859.50 | 6,107.07 |
| Fibonacci | 5,147.77 | 5,278.87 | 5,359.87 | 5,490.97 | 5,622.07 | 5,703.07 | 5,834.17 |
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): | 53.30 | |
| MACD (12,26,9): | -2.9800 | |
| Directional Movement: | -4.67 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 5,441.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,427.32 | |
| Elder Ray (13): | 15.37 | |
| Super Trend (3,10): | 5,471.98 | |
| Zig ZAG (10): | 5,466.97 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 90.01 | |
| TEMA (21): | 5,455.97 | |
| Williams %R (14): | -3.38 | |
| Chande Momentum Oscillator (20): | 36.87 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.01 |
| MA7: | 5,501.07 | |
| MA20: | 5,498.41 | |
| MA50: | 5,445.45 | |
| MA100: | 5,464.67 | |
| MAexp7: | 5,455.08 | |
| MAexp20: | 5,450.17 | |
| MAexp50: | 5,471.55 | |
| MAexp100: | 5,487.49 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | -0.13% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.55% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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