CAC MID 60 - 1H - Technical analysis published on 08/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 14,312.50 EUR
My targets
14,188.90 EUR (-0.35%)
13,993.10 EUR (-1.73%)
My analysis
CAC MID 60 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 14,312.50 EUR. The next support located at 14,188.90 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 13,993.10 EUR. Below this support, sellers could then target 13,789.60 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The CAC MID 60 rating is 14,239.31 EUR. The price registered a decrease of -0.02% on the session and was between 14,178.58 EUR and 14,249.08 EUR. This implies that the price is at +0.43% from its lowest and at -0.07% from its highest.14,178.58
14,249.08
14,239.31
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAC MID 60 in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by 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, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13,789.60 | 13,993.10 | 14,188.90 | 14,239.31 | 14,312.50 | 14,429.90 | 14,549.70 |
| Change (%) | -3.16% | -1.73% | -0.35% | - | +0.51% | +1.34% | +2.18% |
| Change | -449.71 | -246.21 | -50.41 | - | +73.19 | +190.59 | +310.39 |
| Level | Minor | Minor | Major | - | Minor | Major | 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 | 14,047.33 | 14,140.40 | 14,191.02 | 14,284.09 | 14,334.71 | 14,427.78 | 14,478.40 |
| Camarilla | 14,202.12 | 14,215.29 | 14,228.46 | 14,241.63 | 14,254.80 | 14,267.97 | 14,281.15 |
| Woodie | 14,026.10 | 14,129.79 | 14,169.79 | 14,273.48 | 14,313.48 | 14,417.17 | 14,457.17 |
| Fibonacci | 14,140.40 | 14,195.29 | 14,229.20 | 14,284.09 | 14,338.98 | 14,372.89 | 14,427.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,932.23 | 14,088.38 | 14,237.40 | 14,393.55 | 14,542.57 | 14,698.72 | 14,847.74 |
| Camarilla | 14,302.50 | 14,330.47 | 14,358.45 | 14,386.42 | 14,414.39 | 14,442.37 | 14,470.34 |
| Woodie | 13,928.67 | 14,086.60 | 14,233.84 | 14,391.77 | 14,539.01 | 14,696.94 | 14,844.18 |
| Fibonacci | 14,088.38 | 14,204.96 | 14,276.98 | 14,393.55 | 14,510.13 | 14,582.15 | 14,698.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,819.92 | 13,227.49 | 13,734.56 | 14,142.13 | 14,649.20 | 15,056.77 | 15,563.84 |
| Camarilla | 13,990.10 | 14,073.95 | 14,157.79 | 14,241.63 | 14,325.47 | 14,409.31 | 14,493.16 |
| Woodie | 12,869.67 | 13,252.37 | 13,784.31 | 14,167.01 | 14,698.95 | 15,081.65 | 15,613.59 |
| Fibonacci | 13,227.49 | 13,576.88 | 13,792.74 | 14,142.13 | 14,491.52 | 14,707.38 | 15,056.77 |
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): | 40.72 | |
| MACD (12,26,9): | -33.2800 | |
| Directional Movement: | -16.60 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 14,218.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 14,178.58 | |
| Elder Ray (13): | -7.64 | |
| Super Trend (3,10): | 14,317.24 | |
| Zig ZAG (10): | 14,233.21 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 51.43 | |
| TEMA (21): | 14,209.28 | |
| Williams %R (14): | -51.30 | |
| Chande Momentum Oscillator (20): | -50.38 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.82 |
| MA7: | 14,354.06 | |
| MA20: | 14,224.31 | |
| MA50: | 14,122.20 | |
| MA100: | 14,279.14 | |
| MAexp7: | 14,236.99 | |
| MAexp20: | 14,263.80 | |
| MAexp50: | 14,310.29 | |
| MAexp100: | 14,304.81 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -0.46% |
Quotes :
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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.
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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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