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CAC LARGE 60
CAC LARGE 60
- EUR (-)
- 15 min delayed data - Euronext Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: CACLG
ISIN: QS0011213657

CAC LARGE 60 - 1H - Technical analysis published on 04/24/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 8,038.57 EUR
My targets
8,190.58 EUR (+0.34%)
8,216.72 EUR (+0.66%)
My analysis
The bullish trend is currently very strong on CAC LARGE 60. As long as the price remains above the support at 8,038.57 EUR, you could try to benefit from the boom. The first bullish objective is located at 8,190.58 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8,216.72 EUR as an objective. Crossing it would then enable buyers to target 8,269.00 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.4

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAC LARGE 60 price is 8,163.14 EUR. On the day, this instrument lost -0.02% and was between 8,133.26 EUR and 8,171.19 EUR. This implies that the price is at +0.37% from its lowest and at -0.10% from its highest.

8,133.26
8,171.19
8,163.14

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAC LARGE 60 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 7,870.28 8,038.57 8,148.14 8,163.14
Change (%) -3.59% -1.53% -0.18% -
Change -292.86 -124.57 -15.00 -
Level Minor Major 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
Standard8,102.618,117.938,140.548,155.868,178.478,193.798,216.40
Camarilla8,152.718,156.198,159.668,163.148,166.628,170.098,173.57
Woodie8,106.258,119.758,144.188,157.688,182.118,195.618,220.04
Fibonacci8,117.938,132.428,141.378,155.868,170.358,179.308,193.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,033.748,059.888,112.168,138.308,190.588,216.728,269.00
Camarilla8,142.888,150.068,157.258,164.448,171.638,178.828,186.01
Woodie8,046.818,066.428,125.238,144.848,203.658,223.268,282.07
Fibonacci8,059.888,089.848,108.348,138.308,168.268,186.768,216.72


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,837.457,089.447,493.287,745.278,149.118,401.108,804.94
Camarilla7,716.777,776.897,837.007,897.127,957.248,017.368,077.47
Woodie6,913.387,127.407,569.217,783.238,225.048,439.068,880.87
Fibonacci7,089.447,339.977,494.747,745.277,995.808,150.578,401.10

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): 59.17
MACD (12,26,9): 12.6500
Directional Movement: 12.84
AROON (14): 64.29
DEMA (21): 8,162.61
Parabolic SAR (0,02-0,02-0,2): 8,147.22
Elder Ray (13): 7.82
Super Trend (3,10): 8,119.30
Zig ZAG (10): 8,160.30
VORTEX (21): 1.1500
Stochastique (14,3,5): 85.70
TEMA (21): 8,165.80
Williams %R (14): -18.16
Chande Momentum Oscillator (20): 30.67
Repulse (5,40,3): 0.0100
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.89
MA7: 8,128.56
MA20: 7,943.87
MA50: 7,854.61
MA100: 7,623.64
MAexp7: 8,159.30
MAexp20: 8,146.57
MAexp50: 8,120.58
MAexp100: 8,061.78
Price / MA7: +0.43%
Price / MA20: +2.76%
Price / MA50: +3.93%
Price / MA100: +7.08%
Price / MAexp7: +0.05%
Price / MAexp20: +0.20%
Price / MAexp50: +0.52%
Price / MAexp100: +1.26%

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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