CAC NEXT 20 - Daily - Technical analysis published on 07/05/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 11,442.80 EUR
My targets
10,883.40 EUR (-2.27%)
10,684.00 EUR (-4.06%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAC NEXT 20 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11,442.80 EUR. The next bearish objective for sellers is set at 10,883.40 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,684.00 EUR. In case of crossing, the next objective would be the support located at 10,357.70 EUR. In the event of a bullish break in the resistance located at 11,442.80 EUR a certain indecision would take hold.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2
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Additional analysis
Quotes
The CAC NEXT 20 price is 11,135.77 EUR. The price is lower by -0.06% since the last closing and was between 11,074.26 EUR and 11,154.50 EUR. This implies that the price is at +0.56% from its lowest and at -0.17% from its highest.11,074.26
11,154.50
11,135.77
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC NEXT 20:
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 NEXT 20 in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being 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, 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,357.70 | 10,684.00 | 10,883.40 | 11,135.77 | 11,442.80 | 12,442.60 | 13,454.20 |
| Change (%) | -6.99% | -4.06% | -2.27% | - | +2.76% | +11.74% | +20.82% |
| Change | -778.07 | -451.77 | -252.37 | - | +307.03 | +1,306.83 | +2,318.43 |
| Level | Major | Intermediate | Major | - | Major | Major | 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 | 11,085.02 | 11,100.42 | 11,121.37 | 11,136.77 | 11,157.72 | 11,173.12 | 11,194.07 |
| Camarilla | 11,132.31 | 11,135.65 | 11,138.98 | 11,142.31 | 11,145.64 | 11,148.97 | 11,152.31 |
| Woodie | 11,087.79 | 11,101.81 | 11,124.14 | 11,138.16 | 11,160.49 | 11,174.51 | 11,196.84 |
| Fibonacci | 11,100.42 | 11,114.31 | 11,122.89 | 11,136.77 | 11,150.66 | 11,159.24 | 11,173.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,556.96 | 10,700.28 | 10,931.58 | 11,074.90 | 11,306.20 | 11,449.52 | 11,680.82 |
| Camarilla | 11,059.87 | 11,094.21 | 11,128.55 | 11,162.89 | 11,197.23 | 11,231.57 | 11,265.91 |
| Woodie | 10,600.96 | 10,722.28 | 10,975.58 | 11,096.90 | 11,350.20 | 11,471.52 | 11,724.82 |
| Fibonacci | 10,700.28 | 10,843.38 | 10,931.79 | 11,074.90 | 11,218.00 | 11,306.41 | 11,449.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,200.18 | 10,521.88 | 10,842.39 | 11,164.09 | 11,484.60 | 11,806.30 | 12,126.81 |
| Camarilla | 10,986.28 | 11,045.15 | 11,104.02 | 11,162.89 | 11,221.76 | 11,280.63 | 11,339.50 |
| Woodie | 10,199.58 | 10,521.58 | 10,841.79 | 11,163.79 | 11,484.00 | 11,806.00 | 12,126.21 |
| Fibonacci | 10,521.88 | 10,767.21 | 10,918.77 | 11,164.09 | 11,409.42 | 11,560.98 | 11,806.30 |
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): | 49.32 | |
| MACD (12,26,9): | -17.4000 | |
| Directional Movement: | -4.19 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 11,107.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,865.62 | |
| Elder Ray (13): | -3.50 | |
| Super Trend (3,10): | 11,266.72 | |
| Zig ZAG (10): | 11,120.05 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 45.16 | |
| TEMA (21): | 11,090.88 | |
| Williams %R (14): | -56.43 | |
| Chande Momentum Oscillator (20): | -76.01 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.84 |
| MA7: | 11,100.69 | |
| MA20: | 11,174.03 | |
| MA50: | 11,149.32 | |
| MA100: | 11,168.03 | |
| MAexp7: | 11,112.75 | |
| MAexp20: | 11,128.67 | |
| MAexp50: | 11,140.71 | |
| MAexp100: | 11,108.48 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.25% |
Quotes :
-
15 min delayed data
-
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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