CAC ALL SHARES

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	PAX
ISIN:	QS0010989141

CAC ALL SHARES - 1H - Technical analysis published on 05/31/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 9,624.79 EUR

My targets

9,489.44 EUR (-0.72%)

9,406.48 EUR (-1.58%)

My analysis

The basic trend is very bearish on CAC ALL SHARES but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on CAC ALL SHARES. As long as you stay below the resistance 9,624.79 EUR, sellers' retain the upper hand. A break in the support at 9,489.44 EUR would be a signal that the basic trend will reverse. Sellers would then use the next support located at 9,406.48 EUR as an objective. Crossing it would then enable sellers to target 9,198.99 EUR. If the price were to depress the resistance 9,624.79 EUR in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.9

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAC ALL SHARES price is 9,557.97 EUR. The price registered a decrease of -0.02% on the session and was between 9,539.04 EUR and 9,575.15 EUR. This implies that the price is at +0.20% from its lowest and at -0.18% from its highest.

9,539.04

9,575.15

9,557.97

Here is a more detailed summary of the historical variations registered by CAC ALL SHARES:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in 1H of this CAC ALL SHARES chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour

Bearish doji star

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9,406.48	9,489.44	9,534.50	9,557.97	9,624.79	9,722.14	9,757.11
Change (%)	-1.58%	-0.72%	-0.25%	-	+0.70%	+1.72%	+2.08%
Change	-151.49	-68.53	-23.47	-	+66.82	+164.17	+199.14
Level	Major	Intermediate	Minor	-	Minor	Minor	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	9,406.46	9,438.58	9,499.40	9,531.52	9,592.34	9,624.46	9,685.28
Camarilla	9,534.66	9,543.18	9,551.70	9,560.22	9,568.74	9,577.26	9,585.78
Woodie	9,420.81	9,445.76	9,513.75	9,538.70	9,606.69	9,631.64	9,699.63
Fibonacci	9,438.58	9,474.08	9,496.02	9,531.52	9,567.02	9,588.96	9,624.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,342.53	9,483.66	9,583.80	9,724.93	9,825.07	9,966.20	10,066.34
Camarilla	9,617.59	9,639.71	9,661.82	9,683.94	9,706.06	9,728.17	9,750.29
Woodie	9,322.04	9,473.41	9,563.31	9,714.68	9,804.58	9,955.95	10,045.85
Fibonacci	9,483.66	9,575.83	9,632.77	9,724.93	9,817.10	9,874.04	9,966.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,930.72	9,212.11	9,385.38	9,666.77	9,840.04	10,121.43	10,294.70
Camarilla	9,433.62	9,475.30	9,516.97	9,558.65	9,600.33	9,642.00	9,683.68
Woodie	8,876.66	9,185.08	9,331.32	9,639.74	9,785.98	10,094.40	10,240.64
Fibonacci	9,212.11	9,385.79	9,493.09	9,666.77	9,840.45	9,947.75	10,121.43

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):	46.51
MACD (12,26,9):	-18.0000
Directional Movement:	-11.88
AROON (14):	64.28
DEMA (21):	9,529.61
Parabolic SAR (0,02-0,02-0,2):	9,520.61
Elder Ray (13):	-1.42
Super Trend (3,10):	9,580.56
Zig ZAG (10):	9,562.74
VORTEX (21):	1.0100
Stochastique (14,3,5):	86.25
TEMA (21):	9,545.96
Williams %R (14):	-13.45
Chande Momentum Oscillator (20):	31.87
Repulse (5,40,3):	0.1300
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	0.75

MA7:	9,626.31
MA20:	9,730.78
MA50:	9,713.86
MA100:	9,543.53
MAexp7:	9,556.26
MAexp20:	9,559.51
MAexp50:	9,609.86
MAexp100:	9,661.04
Price / MA7:	-0.71%
Price / MA20:	-1.78%
Price / MA50:	-1.60%
Price / MA100:	+0.15%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.54%
Price / MAexp100:	-1.07%

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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Londinia AI

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