CAC NEXT 20 - 1H - Technical analysis published on 09/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
39%
11%
50%
My opinion
Bearish under 11,219.73 EUR
My targets
11,083.04 EUR (-0.39%)
11,028.57 EUR (-0.88%)
My analysis
The current short-term bearish acceleration registered on CAC NEXT 20 should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 11,219.73 EUR. Short-term sellers will use the support located at 11,083.04 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 11,028.57 EUR. Crossing this support would then open the door for sellers to target 10,964.14 EUR. Caution, if there is a return to below 11,219.73 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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
0
10
0.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAC NEXT 20 rating 11,125.94 EUR. The price registered a decrease of -0.03% on the session with the lowest point at 11,116.25 EUR and the highest point at 11,230.04 EUR. The deviation from the price is +0.09% for the low point and -0.93% for the high point.11,116.25
11,230.04
11,125.94
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a 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 not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,964.14 | 11,028.57 | 11,083.04 | 11,125.94 | 11,219.73 | 11,295.21 | 11,381.66 |
| Change (%) | -1.45% | -0.88% | -0.39% | - | +0.84% | +1.52% | +2.30% |
| Change | -161.80 | -97.37 | -42.90 | - | +93.79 | +169.27 | +255.72 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,940.61 | 10,984.48 | 11,056.58 | 11,100.45 | 11,172.55 | 11,216.42 | 11,288.52 |
| Camarilla | 11,096.78 | 11,107.41 | 11,118.04 | 11,128.67 | 11,139.30 | 11,149.93 | 11,160.56 |
| Woodie | 10,954.72 | 10,991.54 | 11,070.69 | 11,107.51 | 11,186.66 | 11,223.48 | 11,302.63 |
| Fibonacci | 10,984.48 | 11,028.78 | 11,056.15 | 11,100.45 | 11,144.75 | 11,172.12 | 11,216.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,727.70 | 10,879.26 | 10,992.10 | 11,143.66 | 11,256.50 | 11,408.06 | 11,520.90 |
| Camarilla | 11,032.24 | 11,056.48 | 11,080.71 | 11,104.95 | 11,129.19 | 11,153.42 | 11,177.66 |
| Woodie | 10,708.35 | 10,869.58 | 10,972.75 | 11,133.98 | 11,237.15 | 11,398.38 | 11,501.55 |
| Fibonacci | 10,879.26 | 10,980.26 | 11,042.66 | 11,143.66 | 11,244.66 | 11,307.06 | 11,408.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,663.82 | 9,963.81 | 10,523.43 | 10,823.42 | 11,383.04 | 11,683.03 | 12,242.65 |
| Camarilla | 10,846.65 | 10,925.45 | 11,004.24 | 11,083.04 | 11,161.84 | 11,240.64 | 11,319.43 |
| Woodie | 9,793.63 | 10,028.72 | 10,653.24 | 10,888.33 | 11,512.85 | 11,747.94 | 12,372.46 |
| Fibonacci | 9,963.81 | 10,292.18 | 10,495.05 | 10,823.42 | 11,151.79 | 11,354.66 | 11,683.03 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.62 | |
| MACD (12,26,9): | -6.0500 | |
| Directional Movement: | 1.11 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 11,132.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,075.77 | |
| Elder Ray (13): | -4.25 | |
| Super Trend (3,10): | 11,177.23 | |
| Zig ZAG (10): | 11,138.04 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 48.37 | |
| TEMA (21): | 11,123.93 | |
| Williams %R (14): | -52.34 | |
| Chande Momentum Oscillator (20): | 58.19 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.40 |
| MA7: | 11,134.99 | |
| MA20: | 11,050.82 | |
| MA50: | 10,871.94 | |
| MA100: | 11,007.03 | |
| MAexp7: | 11,135.73 | |
| MAexp20: | 11,141.55 | |
| MAexp50: | 11,136.84 | |
| MAexp100: | 11,101.23 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | +1.08% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | +0.22% |
Quotes :
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15 min delayed data
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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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