CAC NEXT 20

21.99 EUR (-0.41%)

03/26/2025 - 19:59 Closed 15 min delayed data - Euronext Indices

Open:	22.34
Change:	-0.09
Volume:	15,850

Low:	21.76
High:	22.59
High / Low range:	0.83

Type:	Indices
Ticker:	CN20
ISIN:	QS0010989109

CAC NEXT 20 - 1H - Technical analysis published on 10/04/2024 (GMT)

141
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10/04/2024 - 08:55
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Londinia

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Timeframe : 1H
- Analysis generated on 10/04/2024 - 08:55
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 11,183.84 EUR

My targets

11,029.45 EUR (-0.30%)

10,964.14 EUR (-0.89%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAC NEXT 20. As long as you are under the resistance located at 11,183.84 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11,029.45 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 10,964.14 EUR as an objective. Crossing it would then enable sellers to target 10,875.98 EUR. If the resistance 11,183.84 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.3

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

The CAC NEXT 20 price is 11,062.99 EUR. On the day, this instrument gained +1.16% and was between 10,949.58 EUR and 11,075.42 EUR. This implies that the price is at +1.04% from its lowest and at -0.11% from its highest.

10,949.58

11,075.42

11,062.99

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAC NEXT 20 in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,875.98	10,964.14	11,029.45	11,062.99	11,183.84	11,295.21	11,381.66
Change (%)	-1.69%	-0.89%	-0.30%	-	+1.09%	+2.10%	+2.88%
Change	-187.01	-98.85	-33.54	-	+120.85	+232.22	+318.67
Level	Intermediate	Major	Major	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,781.62	10,850.33	10,893.24	10,961.95	11,004.86	11,073.57	11,116.48
Camarilla	10,905.46	10,915.69	10,925.92	10,936.15	10,946.38	10,956.61	10,966.85
Woodie	10,768.72	10,843.88	10,880.34	10,955.50	10,991.96	11,067.12	11,103.58
Fibonacci	10,850.33	10,892.97	10,919.31	10,961.95	11,004.59	11,030.93	11,073.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,785.54	10,906.95	11,110.42	11,231.83	11,435.30	11,556.71	11,760.18
Camarilla	11,224.55	11,254.33	11,284.11	11,313.89	11,343.67	11,373.45	11,403.23
Woodie	10,826.57	10,927.47	11,151.45	11,252.35	11,476.33	11,577.23	11,801.21
Fibonacci	10,906.95	11,031.05	11,107.73	11,231.83	11,355.93	11,432.61	11,556.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,300.13	10,562.81	10,827.88	11,090.56	11,355.63	11,618.31	11,883.38
Camarilla	10,947.82	10,996.20	11,044.57	11,092.95	11,141.33	11,189.70	11,238.08
Woodie	10,301.33	10,563.41	10,829.08	11,091.16	11,356.83	11,618.91	11,884.58
Fibonacci	10,562.81	10,764.41	10,888.96	11,090.56	11,292.16	11,416.71	11,618.31

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):	54.13
MACD (12,26,9):	-26.1200
Directional Movement:	1.44
AROON (14):	14.29
DEMA (21):	10,979.93
Parabolic SAR (0,02-0,02-0,2):	10,919.04
Elder Ray (13):	54.13
Super Trend (3,10):	10,931.30
Zig ZAG (10):	11,063.30
VORTEX (21):	0.9700
Stochastique (14,3,5):	65.76
TEMA (21):	10,983.85
Williams %R (14):	-8.86
Chande Momentum Oscillator (20):	46.04
Repulse (5,40,3):	0.6300
ROCnROLL:	-1
TRIX (15,9):	-0.0500
Courbe Coppock:	0.45

MA7:	11,108.09
MA20:	11,090.96
MA50:	10,926.35
MA100:	10,959.39
MAexp7:	11,008.11
MAexp20:	11,020.58
MAexp50:	11,073.91
MAexp100:	11,100.58
Price / MA7:	-0.41%
Price / MA20:	-0.25%
Price / MA50:	+1.25%
Price / MA100:	+0.95%
Price / MAexp7:	+0.50%
Price / MAexp20:	+0.38%
Price / MAexp50:	-0.10%
Price / MAexp100:	-0.34%

Quotes : 10/04/2024 - 08:39 - 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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