CAC MID & SMALL - 1H - Technical analysis published on 11/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 12,733.15 EUR
My targets
13,175.42 EUR (+1.28%)
13,454.78 EUR (+3.42%)
My analysis
The bullish trend is currently very strong on CAC MID & SMALL. As long as the price remains above the support at 12,733.15 EUR, you could try to benefit from the boom. The first bullish objective is located at 13,175.42 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,454.78 EUR as an objective. Crossing it would then enable buyers to target 13,761.28 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
7
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Additional analysis
Quotes
The CAC MID & SMALL rating is 13,009.34 EUR. The price is lower by -0.09% since the last closing with the lowest point at 12,979.83 EUR and the highest point at 13,035.71 EUR. The deviation from the price is +0.23% for the low point and -0.20% for the high point.12,979.83
13,035.71
13,009.34
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC MID & SMALL chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,582.72 | 12,733.15 | 12,997.12 | 13,009.34 | 13,454.78 | 13,761.28 | 14,231.29 |
| Change (%) | -3.28% | -2.12% | -0.09% | - | +3.42% | +5.78% | +9.39% |
| Change | -426.62 | -276.19 | -12.22 | - | +445.44 | +751.94 | +1,221.95 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,945.21 | 12,962.21 | 12,991.73 | 13,008.73 | 13,038.25 | 13,055.25 | 13,084.77 |
| Camarilla | 13,008.46 | 13,012.72 | 13,016.99 | 13,021.25 | 13,025.51 | 13,029.78 | 13,034.04 |
| Woodie | 12,951.47 | 12,965.34 | 12,997.99 | 13,011.86 | 13,044.51 | 13,058.38 | 13,091.03 |
| Fibonacci | 12,962.21 | 12,979.98 | 12,990.96 | 13,008.73 | 13,026.50 | 13,037.48 | 13,055.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,280.34 | 12,447.70 | 12,727.88 | 12,895.24 | 13,175.42 | 13,342.78 | 13,622.96 |
| Camarilla | 12,884.99 | 12,926.01 | 12,967.04 | 13,008.06 | 13,049.09 | 13,090.11 | 13,131.13 |
| Woodie | 12,336.75 | 12,475.91 | 12,784.29 | 12,923.45 | 13,231.83 | 13,370.99 | 13,679.37 |
| Fibonacci | 12,447.70 | 12,618.66 | 12,724.28 | 12,895.24 | 13,066.20 | 13,171.82 | 13,342.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,328.04 | 11,116.11 | 11,665.46 | 12,453.53 | 13,002.88 | 13,790.95 | 14,340.30 |
| Camarilla | 11,847.01 | 11,969.61 | 12,092.20 | 12,214.80 | 12,337.40 | 12,459.99 | 12,582.59 |
| Woodie | 10,208.67 | 11,056.43 | 11,546.09 | 12,393.85 | 12,883.51 | 13,731.27 | 14,220.93 |
| Fibonacci | 11,116.11 | 11,627.01 | 11,942.64 | 12,453.53 | 12,964.43 | 13,280.06 | 13,790.95 |
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): | 51.92 | |
| MACD (12,26,9): | 4.8000 | |
| Directional Movement: | 0.90 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 13,005.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,979.83 | |
| Elder Ray (13): | -0.52 | |
| Super Trend (3,10): | 12,954.72 | |
| Zig ZAG (10): | 13,007.34 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 47.90 | |
| TEMA (21): | 12,997.62 | |
| Williams %R (14): | -50.43 | |
| Chande Momentum Oscillator (20): | -2.96 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.46 |
| MA7: | 12,971.54 | |
| MA20: | 12,661.27 | |
| MA50: | 12,753.47 | |
| MA100: | 13,291.49 | |
| MAexp7: | 13,001.33 | |
| MAexp20: | 12,998.02 | |
| MAexp50: | 12,964.28 | |
| MAexp100: | 12,863.82 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | +2.01% | |
| Price / MA100: | -2.12% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +1.13% |
Quotes :
-
15 min delayed data
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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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