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CAC NEXT 20
CAC NEXT 20
6.10 EUR (+0.66%)
03/26/2025 - 16:34 Closed 15 min delayed data - Euronext Indices
Open: 6.06
Change: +0.04
Volume: 10,953
Low: 6.06
High: 6.22
High / Low range: 0.16
Type: Indices
Ticker: CN20
ISIN: QS0010989109

CAC NEXT 20 - 1H - Technical analysis published on 01/23/2024 (GMT)

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  • 01/23/2024 - 17:55
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  • Timeframe : 1H
  • - Analysis generated on 01/23/2024 - 17:55
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 11,076.21 EUR
My targets
10,882.64 EUR (-1.16%)
10,786.87 EUR (-2.03%)
My analysis
In a bearish trend, the price of CAC NEXT 20 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 11,076.21 EUR. A bearish break in the support located at 10,882.64 EUR would revive the bearish momentum and fuel the basic trend. Then the price could move towards 10,786.87 EUR. Then 10,696.22 EUR by extension. It would be safer to wait for a bearish break in the support located at 10,882.64 EUR before allowing yourself to re trade short positions (for sale) on CAC NEXT 20. PS: if there is a bullish break in the resistance located at 11,076.21 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.9

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.

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

Additional analysis

Quotes

CAC NEXT 20 rating 11,010.49 EUR. The price registered a decrease of -0.02% on the session with the lowest point at 10,967.66 EUR and the highest point at 11,077.21 EUR. The deviation from the price is +0.39% for the low point and -0.60% for the high point.

10,967.66
11,077.21
11,010.49

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-20-15-10-50January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in 1H of this CAC NEXT 20 chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,786.87 10,882.64 11,009.16 11,010.49 11,076.21 11,151.55 11,245.12
Change (%) -2.03% -1.16% -0.01% - +0.60% +1.28% +2.13%
Change -223.62 -127.85 -1.33 - +65.72 +141.06 +234.63
Level Intermediate Major Minor - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,850.1510,908.9010,959.7011,018.4511,069.2511,128.0011,178.80
Camarilla10,980.3610,990.4111,000.4511,010.4911,020.5311,030.5711,040.62
Woodie10,846.1710,906.9110,955.7211,016.4611,065.2711,126.0111,174.82
Fibonacci10,908.9010,950.7510,976.6111,018.4511,060.3011,086.1611,128.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,317.7410,552.3010,734.5610,969.1211,151.3811,385.9411,568.20
Camarilla10,802.1910,840.3910,878.6010,916.8110,955.0210,993.2311,031.44
Woodie10,291.5810,539.2310,708.4010,956.0511,125.2211,372.8711,542.04
Fibonacci10,552.3010,711.5310,809.9010,969.1211,128.3511,226.7211,385.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,178.2410,462.3610,964.6111,248.7311,750.9812,035.1012,537.35
Camarilla11,250.6111,322.6911,394.7811,466.8611,538.9411,611.0311,683.11
Woodie10,287.3110,516.8911,073.6811,303.2611,860.0512,089.6312,646.42
Fibonacci10,462.3610,762.7510,948.3411,248.7311,549.1211,734.7112,035.10

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
Created with Raphaël 2.3.0Neutral9
Moving averages
Created with Raphaël 2.3.0Sell18

RSI (14): 51.58
MACD (12,26,9): 13.7200
Directional Movement: 14.85
AROON (14): 0
DEMA (21): 11,025.71
Parabolic SAR (0,02-0,02-0,2): 10,971.64
Elder Ray (13): 4.16
Super Trend (3,10): 10,942.20
Zig ZAG (10): 11,010.49
VORTEX (21): 0.9900
Stochastique (14,3,5): 46.68
TEMA (21): 11,042.07
Williams %R (14): -60.90
Chande Momentum Oscillator (20): 16.08
Repulse (5,40,3): -0.3100
ROCnROLL: 2
TRIX (15,9): 0.0200
Courbe Coppock: 0.50
MA7: 10,999.99
MA20: 11,217.37
MA50: 11,033.83
MA100: 10,788.22
MAexp7: 11,021.61
MAexp20: 11,008.38
MAexp50: 11,013.00
MAexp100: 11,073.51
Price / MA7: +0.10%
Price / MA20: -1.84%
Price / MA50: -0.21%
Price / MA100: +2.06%
Price / MAexp7: -0.10%
Price / MAexp20: +0.02%
Price / MAexp50: -0.02%
Price / MAexp100: -0.57%

Quotes : 01/23/2024 - 16:35 - 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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Londinia
Londinia AI

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