CAC SMALL - 1H - Technical analysis published on 09/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 12,334.60 EUR
My targets
12,131.00 EUR (-0.58%)
12,018.40 EUR (-1.50%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAC SMALL as long as the price remains well below 12,334.60 EUR. The sellers' bearish objective is set at 12,131.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,018.40 EUR. In case of crossing, the next objective would be the support located at 11,716.90 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
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
The CAC SMALL price is 12,201.64 EUR. On the day, this instrument lost -0.07% and was between 12,187.86 EUR and 12,276.68 EUR. This implies that the price is at +0.11% from its lowest and at -0.61% from its highest.12,187.86
12,276.68
12,201.64
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAC SMALL:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAC SMALL chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,716.90 | 12,018.40 | 12,131.00 | 12,201.64 | 12,334.60 | 12,516.50 | 12,609.90 |
| Change (%) | -3.97% | -1.50% | -0.58% | - | +1.09% | +2.58% | +3.35% |
| Change | -484.74 | -183.24 | -70.64 | - | +132.96 | +314.86 | +408.26 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 12,061.68 | 12,093.31 | 12,151.75 | 12,183.38 | 12,241.82 | 12,273.45 | 12,331.89 |
| Camarilla | 12,185.42 | 12,193.68 | 12,201.93 | 12,210.19 | 12,218.45 | 12,226.70 | 12,234.96 |
| Woodie | 12,075.09 | 12,100.01 | 12,165.16 | 12,190.08 | 12,255.23 | 12,280.15 | 12,345.30 |
| Fibonacci | 12,093.31 | 12,127.72 | 12,148.97 | 12,183.38 | 12,217.79 | 12,239.04 | 12,273.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,633.24 | 11,888.19 | 12,103.49 | 12,358.44 | 12,573.74 | 12,828.69 | 13,043.99 |
| Camarilla | 12,189.46 | 12,232.57 | 12,275.67 | 12,318.78 | 12,361.89 | 12,404.99 | 12,448.10 |
| Woodie | 11,613.41 | 11,878.28 | 12,083.66 | 12,348.53 | 12,553.91 | 12,818.78 | 13,024.16 |
| Fibonacci | 11,888.19 | 12,067.83 | 12,178.81 | 12,358.44 | 12,538.08 | 12,649.06 | 12,828.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,165.39 | 11,780.44 | 12,089.04 | 12,704.09 | 13,012.69 | 13,627.74 | 13,936.34 |
| Camarilla | 12,143.63 | 12,228.29 | 12,312.96 | 12,397.63 | 12,482.30 | 12,566.97 | 12,651.63 |
| Woodie | 11,012.16 | 11,703.83 | 11,935.81 | 12,627.48 | 12,859.46 | 13,551.13 | 13,783.11 |
| Fibonacci | 11,780.44 | 12,133.28 | 12,351.26 | 12,704.09 | 13,056.93 | 13,274.91 | 13,627.74 |
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): | 44.01 | |
| MACD (12,26,9): | -24.7400 | |
| Directional Movement: | -3.41 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 12,182.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,136.72 | |
| Elder Ray (13): | 1.39 | |
| Super Trend (3,10): | 12,298.42 | |
| Zig ZAG (10): | 12,209.05 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 47.78 | |
| TEMA (21): | 12,209.22 | |
| Williams %R (14): | -46.40 | |
| Chande Momentum Oscillator (20): | 52.50 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.55 |
| MA7: | 12,321.97 | |
| MA20: | 12,739.89 | |
| MA50: | 12,512.64 | |
| MA100: | 12,684.60 | |
| MAexp7: | 12,211.02 | |
| MAexp20: | 12,222.88 | |
| MAexp50: | 12,316.42 | |
| MAexp100: | 12,471.36 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -4.22% | |
| Price / MA50: | -2.49% | |
| Price / MA100: | -3.81% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -2.16% |
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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