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 04/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 14,767.53 EUR

My targets

14,909.83 EUR (+0.41%)

15,233.43 EUR (+2.59%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAC MID 60 as long as the price remains well above 14,767.53 EUR. The buyers' bullish objective is set at 14,909.83 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15,233.43 EUR. If there is any crossing, the next objective would be the resistance located at 15,920.10 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.5

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

CAC MID 60 rating 14,848.21 EUR. The price registered a decrease of -0.07% on the session and was traded between 14,828.46 EUR and 14,894.17 EUR over the period. The price is currently at +0.13% from its lowest and -0.31% from its highest.

14,828.46

14,894.17

14,848.21

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAC MID 60:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAC MID 60 in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

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.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14,504.05	14,656.22	14,767.53	14,848.21	14,909.83	15,233.43	15,920.10
Change (%)	-2.32%	-1.29%	-0.54%	-	+0.41%	+2.59%	+7.22%
Change	-344.16	-191.99	-80.68	-	+61.62	+385.22	+1,071.89
Level	Minor	Minor	Major	-	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	14,521.00	14,588.61	14,723.83	14,791.44	14,926.66	14,994.27	15,129.49
Camarilla	14,803.27	14,821.87	14,840.46	14,859.05	14,877.64	14,896.24	14,914.83
Woodie	14,554.81	14,605.51	14,757.64	14,808.34	14,960.47	15,011.17	15,163.30
Fibonacci	14,588.61	14,666.09	14,713.96	14,791.44	14,868.92	14,916.79	14,994.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,205.05	14,326.45	14,544.77	14,666.17	14,884.49	15,005.89	15,224.21
Camarilla	14,669.66	14,700.80	14,731.94	14,763.08	14,794.22	14,825.36	14,856.50
Woodie	14,253.50	14,350.68	14,593.22	14,690.40	14,932.94	15,030.12	15,272.66
Fibonacci	14,326.45	14,456.23	14,536.40	14,666.17	14,795.95	14,876.12	15,005.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,485.48	13,750.80	14,256.94	14,522.26	15,028.40	15,293.72	15,799.86
Camarilla	14,550.93	14,621.65	14,692.36	14,763.08	14,833.80	14,904.51	14,975.23
Woodie	13,605.89	13,811.01	14,377.35	14,582.47	15,148.81	15,353.93	15,920.27
Fibonacci	13,750.80	14,045.50	14,227.56	14,522.26	14,816.96	14,999.02	15,293.72

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):	63.18
MACD (12,26,9):	41.6900
Directional Movement:	18.38
AROON (14):	71.42
DEMA (21):	14,841.57
Parabolic SAR (0,02-0,02-0,2):	14,731.32
Elder Ray (13):	38.48
Super Trend (3,10):	14,762.75
Zig ZAG (10):	14,842.02
VORTEX (21):	1.0600
Stochastique (14,3,5):	84.18
TEMA (21):	14,842.07
Williams %R (14):	-21.59
Chande Momentum Oscillator (20):	173.19
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.11

MA7:	14,707.43
MA20:	14,414.41
MA50:	14,163.58
MA100:	13,844.01
MAexp7:	14,834.91
MAexp20:	14,787.78
MAexp50:	14,698.67
MAexp100:	14,572.67
Price / MA7:	+0.96%
Price / MA20:	+3.01%
Price / MA50:	+4.83%
Price / MA100:	+7.25%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.41%
Price / MAexp50:	+1.02%
Price / MAexp100:	+1.89%

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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