CAC MID 60

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	CACMD
ISIN:	QS0010989117

CAC MID 60 - 1H - Technical analysis published on 03/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 14,018.43 EUR

My targets

14,188.87 EUR (+0.29%)

14,482.40 EUR (+2.37%)

My analysis

The bullish trend is currently very strong on CAC MID 60. As long as the price remains above the support at 14,018.43 EUR, you could try to benefit from the boom. The first bullish objective is located at 14,188.87 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14,482.40 EUR as an objective. Crossing it would then enable buyers to target 14,767.53 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

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.

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

Additional analysis

Quotes

The CAC MID 60 rating is 14,147.31 EUR. On the day, this instrument lost -0.02% and was traded between 14,073.49 EUR and 14,172.66 EUR over the period. The price is currently at +0.52% from its lowest and -0.18% from its highest.

14,073.49

14,172.66

14,147.31

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

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:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CAC MID 60 in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% 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.

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

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13,929.49	14,018.43	14,123.87	14,147.31	14,188.87	14,482.40	14,767.53
Change (%)	-1.54%	-0.91%	-0.17%	-	+0.29%	+2.37%	+4.38%
Change	-217.82	-128.88	-23.44	-	+41.56	+335.09	+620.22
Level	Minor	Major	Minor	-	Major	Minor	Major

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	14,034.69	14,065.15	14,107.36	14,137.82	14,180.03	14,210.49	14,252.70
Camarilla	14,129.58	14,136.24	14,142.90	14,149.56	14,156.22	14,162.88	14,169.54
Woodie	14,040.56	14,068.09	14,113.23	14,140.76	14,185.90	14,213.43	14,258.57
Fibonacci	14,065.15	14,092.91	14,110.06	14,137.82	14,165.58	14,182.73	14,210.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,868.62	13,942.37	14,016.43	14,090.18	14,164.24	14,237.99	14,312.05
Camarilla	14,049.84	14,063.39	14,076.94	14,090.49	14,104.04	14,117.59	14,131.14
Woodie	13,868.78	13,942.45	14,016.59	14,090.26	14,164.40	14,238.07	14,312.21
Fibonacci	13,942.37	13,998.83	14,033.72	14,090.18	14,146.64	14,181.53	14,237.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,343.60	13,548.24	13,794.66	13,999.30	14,245.72	14,450.36	14,696.78
Camarilla	13,917.05	13,958.40	13,999.74	14,041.09	14,082.44	14,123.78	14,165.13
Woodie	13,364.50	13,558.69	13,815.56	14,009.75	14,266.62	14,460.81	14,717.68
Fibonacci	13,548.24	13,720.54	13,826.99	13,999.30	14,171.60	14,278.05	14,450.36

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):	57.96
MACD (12,26,9):	21.2400
Directional Movement:	-10.14
AROON (14):	78.57
DEMA (21):	14,152.65
Parabolic SAR (0,02-0,02-0,2):	14,070.69
Elder Ray (13):	16.34
Super Trend (3,10):	14,067.08
Zig ZAG (10):	14,154.73
VORTEX (21):	1.0700
Stochastique (14,3,5):	90.38
TEMA (21):	14,165.82
Williams %R (14):	-15.69
Chande Momentum Oscillator (20):	98.82
Repulse (5,40,3):	0.5400
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	1.17

MA7:	14,099.95
MA20:	14,043.84
MA50:	13,882.28
MA100:	13,525.99
MAexp7:	14,150.40
MAexp20:	14,126.49
MAexp50:	14,102.71
MAexp100:	14,080.91
Price / MA7:	+0.34%
Price / MA20:	+0.74%
Price / MA50:	+1.91%
Price / MA100:	+4.59%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.32%
Price / MAexp100:	+0.47%

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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