CAC MID & SMALL - 1H - Technical analysis published on 06/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 13,540.50 EUR
My targets
13,076.94 EUR (-3.16%)
12,582.70 EUR (-6.82%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAC MID & SMALL as long as the price remains well below 13,540.50 EUR. The sellers' bearish objective is set at 13,076.94 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,582.70 EUR. In case of crossing, the next objective would be the support located at 12,292.80 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The CAC MID & SMALL rating is 13,503.39 EUR. On the day, this instrument lost -0.01% with the lowest point at 13,379.52 EUR and the highest point at 13,514.38 EUR. The deviation from the price is +0.93% for the low point and -0.08% for the high point.13,379.52
13,514.38
13,503.39
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC MID & SMALL:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC MID & SMALL chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,529.00 | 12,292.80 | 12,582.70 | 13,503.39 | 13,540.50 | 13,761.30 | 13,968.90 |
| Change (%) | -14.62% | -8.97% | -6.82% | - | +0.27% | +1.91% | +3.45% |
| Change | -1,974.39 | -1,210.59 | -920.69 | - | +37.11 | +257.91 | +465.51 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 13,242.96 | 13,353.46 | 13,428.91 | 13,539.41 | 13,614.86 | 13,725.36 | 13,800.81 |
| Camarilla | 13,453.23 | 13,470.28 | 13,487.33 | 13,504.37 | 13,521.42 | 13,538.46 | 13,555.51 |
| Woodie | 13,225.45 | 13,344.70 | 13,411.40 | 13,530.65 | 13,597.35 | 13,716.60 | 13,783.30 |
| Fibonacci | 13,353.46 | 13,424.49 | 13,468.37 | 13,539.41 | 13,610.44 | 13,654.32 | 13,725.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,689.94 | 13,076.94 | 13,290.66 | 13,677.66 | 13,891.38 | 14,278.38 | 14,492.10 |
| Camarilla | 13,339.17 | 13,394.24 | 13,449.30 | 13,504.37 | 13,559.44 | 13,614.50 | 13,669.57 |
| Woodie | 12,603.29 | 13,033.62 | 13,204.01 | 13,634.34 | 13,804.73 | 14,235.06 | 14,405.45 |
| Fibonacci | 13,076.94 | 13,306.42 | 13,448.19 | 13,677.66 | 13,907.14 | 14,048.91 | 14,278.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,505.13 | 13,022.53 | 13,288.72 | 13,806.12 | 14,072.31 | 14,589.71 | 14,855.90 |
| Camarilla | 13,339.41 | 13,411.24 | 13,483.07 | 13,554.90 | 13,626.73 | 13,698.56 | 13,770.39 |
| Woodie | 12,379.52 | 12,959.73 | 13,163.11 | 13,743.32 | 13,946.70 | 14,526.91 | 14,730.29 |
| Fibonacci | 13,022.53 | 13,321.87 | 13,506.79 | 13,806.12 | 14,105.46 | 14,290.38 | 14,589.71 |
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): | 34.24 | |
| MACD (12,26,9): | -82.2000 | |
| Directional Movement: | -29.45 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 13,419.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,381.60 | |
| Elder Ray (13): | -23.55 | |
| Super Trend (3,10): | 13,564.17 | |
| Zig ZAG (10): | 13,474.43 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 40.82 | |
| TEMA (21): | 13,414.36 | |
| Williams %R (14): | -50.28 | |
| Chande Momentum Oscillator (20): | -51.31 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.26 |
| MA7: | 13,773.21 | |
| MA20: | 13,829.16 | |
| MA50: | 14,017.24 | |
| MA100: | 14,211.50 | |
| MAexp7: | 13,467.31 | |
| MAexp20: | 13,533.49 | |
| MAexp50: | 13,678.73 | |
| MAexp100: | 13,786.10 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | -2.36% | |
| Price / MA50: | -3.67% | |
| Price / MA100: | -4.98% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -1.28% | |
| Price / MAexp100: | -2.05% |
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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