CAC ALL-TRADABLE - 1H - Technical analysis published on 03/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
28%
56%
My opinion
Bearish under 5,890.94 EUR
My targets
5,779.65 EUR (-1.31%)
5,706.69 EUR (-2.55%)
My analysis
The strong short-term decline in CAC ALL-TRADABLE calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 5,890.94 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 5,779.65 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,706.69 EUR as an objective. Crossing it would then enable sellers to target 5,642.72 EUR. Be careful, a return to above 5,890.94 EUR could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.4
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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 price is 5,856.26 EUR. The price is lower by -0.02% since the last closing and was between 5,839.34 EUR and 5,885.89 EUR. This implies that the price is at +0.29% from its lowest and at -0.50% from its highest.5,839.34
5,885.89
5,856.26
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC ALL-TRADABLE chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
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
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5,642.72 | 5,706.69 | 5,779.65 | 5,856.26 | 5,859.92 | 5,890.94 |
| Change (%) | -3.65% | -2.55% | -1.31% | - | +0.06% | +0.59% |
| Change | -213.54 | -149.57 | -76.61 | - | +3.66 | +34.68 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 5,809.60 | 5,833.44 | 5,845.37 | 5,869.21 | 5,881.14 | 5,904.98 | 5,916.91 |
| Camarilla | 5,847.45 | 5,850.73 | 5,854.01 | 5,857.29 | 5,860.57 | 5,863.85 | 5,867.13 |
| Woodie | 5,803.64 | 5,830.46 | 5,839.41 | 5,866.23 | 5,875.18 | 5,902.00 | 5,910.95 |
| Fibonacci | 5,833.44 | 5,847.11 | 5,855.55 | 5,869.21 | 5,882.88 | 5,891.32 | 5,904.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,607.25 | 5,666.43 | 5,778.68 | 5,837.86 | 5,950.11 | 6,009.29 | 6,121.54 |
| Camarilla | 5,843.80 | 5,859.51 | 5,875.23 | 5,890.94 | 5,906.65 | 5,922.37 | 5,938.08 |
| Woodie | 5,633.80 | 5,679.70 | 5,805.23 | 5,851.13 | 5,976.66 | 6,022.56 | 6,148.09 |
| Fibonacci | 5,666.43 | 5,731.91 | 5,772.37 | 5,837.86 | 5,903.34 | 5,943.80 | 6,009.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,390.55 | 5,499.80 | 5,678.54 | 5,787.79 | 5,966.53 | 6,075.78 | 6,254.52 |
| Camarilla | 5,778.09 | 5,804.49 | 5,830.89 | 5,857.29 | 5,883.69 | 5,910.09 | 5,936.49 |
| Woodie | 5,425.31 | 5,517.17 | 5,713.30 | 5,805.16 | 6,001.29 | 6,093.15 | 6,289.28 |
| Fibonacci | 5,499.80 | 5,609.81 | 5,677.77 | 5,787.79 | 5,897.80 | 5,965.76 | 6,075.78 |
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): | 46.45 | |
| MACD (12,26,9): | -2.5500 | |
| Directional Movement: | -3.45 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 5,862.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,875.95 | |
| Elder Ray (13): | -2.44 | |
| Super Trend (3,10): | 5,893.20 | |
| Zig ZAG (10): | 5,857.14 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 40.82 | |
| TEMA (21): | 5,855.50 | |
| Williams %R (14): | -62.61 | |
| Chande Momentum Oscillator (20): | -15.99 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.56 |
| MA7: | 5,868.20 | |
| MA20: | 5,760.17 | |
| MA50: | 5,644.72 | |
| MA100: | 5,485.95 | |
| MAexp7: | 5,859.95 | |
| MAexp20: | 5,864.80 | |
| MAexp50: | 5,856.31 | |
| MAexp100: | 5,822.27 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +1.67% | |
| Price / MA50: | +3.75% | |
| Price / MA100: | +6.75% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.58% |
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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