CAC NEXT 20

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	CN20
ISIN:	QS0010989109

CAC NEXT 20 - 1H - Technical analysis published on 10/26/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 10,000.24 EUR

My targets

9,813.87 EUR (-0.41%)

9,529.23 EUR (-3.30%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAC NEXT 20 as long as the price remains well below 10,000.24 EUR. The sellers' bearish objective is set at 9,813.87 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9,529.23 EUR. In case of crossing, the next objective would be the support located at 8,262.70 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

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

CAC NEXT 20 rating 9,854.73 EUR. The price is lower by -0.09% since the last closing with the lowest point at 9,739.66 EUR and the highest point at 9,893.65 EUR. The deviation from the price is +1.18% for the low point and -0.39% for the high point.

9,739.66

9,893.65

9,854.73

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAC NEXT 20 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,262.70	9,529.23	9,813.87	9,854.73	10,000.24	10,371.38	10,480.12
Change (%)	-16.15%	-3.30%	-0.41%	-	+1.48%	+5.24%	+6.35%
Change	-1,592.03	-325.50	-40.86	-	+145.51	+516.65	+625.39
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Minor

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	9,629.31	9,714.84	9,789.05	9,874.58	9,948.79	10,034.32	10,108.53
Camarilla	9,819.33	9,833.97	9,848.62	9,863.26	9,877.90	9,892.55	9,907.19
Woodie	9,623.65	9,712.01	9,783.39	9,871.75	9,943.13	10,031.49	10,102.87
Fibonacci	9,714.84	9,775.86	9,813.56	9,874.58	9,935.60	9,973.30	10,034.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,338.57	9,639.47	9,793.02	10,093.92	10,247.47	10,548.37	10,701.92
Camarilla	9,821.60	9,863.25	9,904.91	9,946.57	9,988.23	10,029.89	10,071.54
Woodie	9,264.90	9,602.63	9,719.35	10,057.08	10,173.80	10,511.53	10,628.25
Fibonacci	9,639.47	9,813.07	9,920.32	10,093.92	10,267.52	10,374.77	10,548.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,556.92	10,019.73	10,371.69	10,834.50	11,186.46	11,649.27	12,001.23
Camarilla	10,499.59	10,574.28	10,648.96	10,723.65	10,798.34	10,873.03	10,947.71
Woodie	9,501.50	9,992.02	10,316.27	10,806.79	11,131.04	11,621.56	11,945.81
Fibonacci	10,019.73	10,330.97	10,523.26	10,834.50	11,145.74	11,338.03	11,649.27

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):	46.82
MACD (12,26,9):	-24.4300
Directional Movement:	-12.32
AROON (14):	-7.15
DEMA (21):	9,834.24
Parabolic SAR (0,02-0,02-0,2):	9,748.72
Elder Ray (13):	8.33
Super Trend (3,10):	9,944.60
Zig ZAG (10):	9,859.76
VORTEX (21):	0.9300
Stochastique (14,3,5):	80.69
TEMA (21):	9,850.09
Williams %R (14):	-24.40
Chande Momentum Oscillator (20):	-5.20
Repulse (5,40,3):	0.1300
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.84

MA7:	9,982.68
MA20:	10,297.97
MA50:	10,708.42
MA100:	10,955.67
MAexp7:	9,857.19
MAexp20:	9,872.39
MAexp50:	9,953.03
MAexp100:	10,095.71
Price / MA7:	-1.28%
Price / MA20:	-4.30%
Price / MA50:	-7.97%
Price / MA100:	-10.05%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.18%
Price / MAexp50:	-0.99%
Price / MAexp100:	-2.39%

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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