CAC NEXT 20 - 1H - Technical analysis published on 04/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Neutral between 10,877.20 EUR and 11,118.80 EUR
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 10,877.20 EUR. The first resistance is located at 11,118.80 EUR. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by CAC NEXT 20.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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Additional analysis
Quotes
The CAC NEXT 20 price is 11,011.56 EUR. The price registered a decrease of -0.01% on the session and was traded between 10,973.64 EUR and 11,096.48 EUR over the period. The price is currently at +0.35% from its lowest and -0.77% from its highest.10,973.64
11,096.48
11,011.56
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC NEXT 20 chart shows a slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,699.60 | 10,877.20 | 10,991.80 | 11,011.56 | 11,118.80 | 11,427.00 | 11,566.50 |
| Change (%) | -2.83% | -1.22% | -0.18% | - | +0.97% | +3.77% | +5.04% |
| Change | -311.96 | -134.36 | -19.76 | - | +107.24 | +415.44 | +554.94 |
| Level | Minor | Minor | Major | - | Major | 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 | 10,835.13 | 10,904.39 | 10,957.97 | 11,027.23 | 11,080.81 | 11,150.07 | 11,203.65 |
| Camarilla | 10,977.78 | 10,989.04 | 11,000.30 | 11,011.56 | 11,022.82 | 11,034.08 | 11,045.34 |
| Woodie | 10,827.30 | 10,900.47 | 10,950.14 | 11,023.31 | 11,072.98 | 11,146.15 | 11,195.82 |
| Fibonacci | 10,904.39 | 10,951.31 | 10,980.30 | 11,027.23 | 11,074.15 | 11,103.14 | 11,150.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,395.49 | 10,548.82 | 10,805.40 | 10,958.73 | 11,215.31 | 11,368.64 | 11,625.22 |
| Camarilla | 10,949.26 | 10,986.83 | 11,024.41 | 11,061.98 | 11,099.56 | 11,137.13 | 11,174.71 |
| Woodie | 10,447.12 | 10,574.63 | 10,857.03 | 10,984.54 | 11,266.94 | 11,394.45 | 11,676.85 |
| Fibonacci | 10,548.82 | 10,705.41 | 10,802.14 | 10,958.73 | 11,115.32 | 11,212.05 | 11,368.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,507.20 | 10,019.97 | 10,540.97 | 11,053.74 | 11,574.74 | 12,087.51 | 12,608.51 |
| Camarilla | 10,777.69 | 10,872.46 | 10,967.22 | 11,061.98 | 11,156.74 | 11,251.51 | 11,346.27 |
| Woodie | 9,511.33 | 10,022.03 | 10,545.10 | 11,055.80 | 11,578.87 | 12,089.57 | 12,612.64 |
| Fibonacci | 10,019.97 | 10,414.87 | 10,658.84 | 11,053.74 | 11,448.64 | 11,692.61 | 12,087.51 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.47 | |
| MACD (12,26,9): | -10.4500 | |
| Directional Movement: | -2.78 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 11,018.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,061.29 | |
| Elder Ray (13): | -30.91 | |
| Super Trend (3,10): | 11,086.29 | |
| Zig ZAG (10): | 10,995.07 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 12.65 | |
| TEMA (21): | 10,990.10 | |
| Williams %R (14): | -85.98 | |
| Chande Momentum Oscillator (20): | -105.87 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.37 |
| MA7: | 10,974.29 | |
| MA20: | 10,966.47 | |
| MA50: | 11,195.71 | |
| MA100: | 10,977.00 | |
| MAexp7: | 11,004.89 | |
| MAexp20: | 11,025.48 | |
| MAexp50: | 11,006.98 | |
| MAexp100: | 10,986.87 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | -1.64% | |
| Price / MA100: | +0.31% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.22% |
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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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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