CAC MID 60 - 1H - Technical analysis published on 07/26/2023 (GMT)
- 144
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Neutral between 14,188.90 EUR and 14,429.20 EUR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on CAC MID 60. It is difficult to advise a trading direction under these conditions. The first resistance is located at 14,429.20 EUR. The first support is located at 14,188.90 EUR. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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Additional analysis
Quotes
The CAC MID 60 price is 14,369.73 EUR. On the day, this instrument lost -0.01% and was traded between 14,293.45 EUR and 14,432.10 EUR over the period. The price is currently at +0.53% from its lowest and -0.43% from its highest.14,293.45
14,432.10
14,369.73
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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
Technical analysis of this 1H chart of CAC MID 60 indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,899.10 | 14,188.90 | 14,340.80 | 14,369.73 | 14,429.20 | 14,717.50 | 14,993.30 |
| Change (%) | -3.28% | -1.26% | -0.20% | - | +0.41% | +2.42% | +4.34% |
| Change | -470.63 | -180.83 | -28.93 | - | +59.47 | +347.77 | +623.57 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,159.44 | 14,226.44 | 14,298.09 | 14,365.09 | 14,436.74 | 14,503.74 | 14,575.39 |
| Camarilla | 14,331.60 | 14,344.31 | 14,357.02 | 14,369.73 | 14,382.44 | 14,395.15 | 14,407.86 |
| Woodie | 14,161.76 | 14,227.60 | 14,300.41 | 14,366.25 | 14,439.06 | 14,504.90 | 14,577.71 |
| Fibonacci | 14,226.44 | 14,279.41 | 14,312.13 | 14,365.09 | 14,418.06 | 14,450.78 | 14,503.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,915.67 | 14,044.10 | 14,196.61 | 14,325.04 | 14,477.55 | 14,605.98 | 14,758.49 |
| Camarilla | 14,271.87 | 14,297.62 | 14,323.38 | 14,349.13 | 14,374.88 | 14,400.64 | 14,426.39 |
| Woodie | 13,927.72 | 14,050.12 | 14,208.66 | 14,331.06 | 14,489.60 | 14,612.00 | 14,770.54 |
| Fibonacci | 14,044.10 | 14,151.42 | 14,217.72 | 14,325.04 | 14,432.36 | 14,498.66 | 14,605.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,836.70 | 13,201.62 | 13,662.06 | 14,026.98 | 14,487.42 | 14,852.34 | 15,312.78 |
| Camarilla | 13,895.53 | 13,971.18 | 14,046.84 | 14,122.50 | 14,198.16 | 14,273.82 | 14,349.47 |
| Woodie | 12,884.46 | 13,225.50 | 13,709.82 | 14,050.86 | 14,535.18 | 14,876.22 | 15,360.54 |
| Fibonacci | 13,201.62 | 13,516.91 | 13,711.69 | 14,026.98 | 14,342.27 | 14,537.05 | 14,852.34 |
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): | 47.61 | |
| MACD (12,26,9): | -12.2700 | |
| Directional Movement: | -3.38 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 14,347.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,409.45 | |
| Elder Ray (13): | -7.51 | |
| Super Trend (3,10): | 14,408.14 | |
| Zig ZAG (10): | 14,369.73 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 36.13 | |
| TEMA (21): | 14,335.64 | |
| Williams %R (14): | -44.98 | |
| Chande Momentum Oscillator (20): | -14.29 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.57 |
| MA7: | 14,372.96 | |
| MA20: | 14,177.41 | |
| MA50: | 14,135.43 | |
| MA100: | 14,312.74 | |
| MAexp7: | 14,346.25 | |
| MAexp20: | 14,359.18 | |
| MAexp50: | 14,355.83 | |
| MAexp100: | 14,299.31 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +1.36% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.49% |
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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