CAC SMALL - 1H - Technical analysis published on 07/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 12,351.20 EUR
My targets
12,479.70 EUR (+0.43%)
12,745.50 EUR (+2.57%)
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 SMALL. As long as you are above the support located at 12,351.20 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 12,479.70 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 12,745.50 EUR as an objective. Crossing it would then enable buyers to target 12,987.50 EUR. If the support 12,351.20 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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Additional analysis
Quotes
CAC SMALL rating 12,426.21 EUR. The price registered a decrease of -0.04% on the session and was traded between 12,426.21 EUR and 12,470.70 EUR over the period. The price is currently at 0% from its lowest and -0.36% from its highest.12,426.21
12,470.70
12,426.21
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAC SMALL indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Piercing line
Type : Bullish
Timeframe : 1 hour
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,204.00 | 12,273.90 | 12,351.20 | 12,426.21 | 12,438.00 | 12,479.70 | 12,745.50 |
| Change (%) | -1.79% | -1.23% | -0.60% | - | +0.09% | +0.43% | +2.57% |
| Change | -222.21 | -152.31 | -75.01 | - | +11.79 | +53.49 | +319.29 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 12,366.89 | 12,396.55 | 12,411.38 | 12,441.04 | 12,455.87 | 12,485.53 | 12,500.36 |
| Camarilla | 12,413.98 | 12,418.05 | 12,422.13 | 12,426.21 | 12,430.29 | 12,434.37 | 12,438.45 |
| Woodie | 12,359.48 | 12,392.84 | 12,403.97 | 12,437.33 | 12,448.46 | 12,481.82 | 12,492.95 |
| Fibonacci | 12,396.55 | 12,413.55 | 12,424.05 | 12,441.04 | 12,458.04 | 12,468.54 | 12,485.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,103.35 | 12,188.24 | 12,309.93 | 12,394.82 | 12,516.51 | 12,601.40 | 12,723.09 |
| Camarilla | 12,374.82 | 12,393.76 | 12,412.69 | 12,431.63 | 12,450.57 | 12,469.50 | 12,488.44 |
| Woodie | 12,121.76 | 12,197.44 | 12,328.34 | 12,404.02 | 12,534.92 | 12,610.60 | 12,741.50 |
| Fibonacci | 12,188.24 | 12,267.15 | 12,315.90 | 12,394.82 | 12,473.73 | 12,522.48 | 12,601.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,453.39 | 11,691.41 | 11,990.06 | 12,228.08 | 12,526.73 | 12,764.75 | 13,063.40 |
| Camarilla | 12,141.13 | 12,190.32 | 12,239.52 | 12,288.71 | 12,337.91 | 12,387.10 | 12,436.29 |
| Woodie | 11,483.71 | 11,706.57 | 12,020.38 | 12,243.24 | 12,557.05 | 12,779.91 | 13,093.72 |
| Fibonacci | 11,691.41 | 11,896.42 | 12,023.07 | 12,228.08 | 12,433.09 | 12,559.74 | 12,764.75 |
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): | 55.64 | |
| MACD (12,26,9): | 14.7300 | |
| Directional Movement: | 7.54 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 12,448.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,389.31 | |
| Elder Ray (13): | 1.42 | |
| Super Trend (3,10): | 12,390.95 | |
| Zig ZAG (10): | 12,426.21 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 60.82 | |
| TEMA (21): | 12,444.02 | |
| Williams %R (14): | -47.58 | |
| Chande Momentum Oscillator (20): | 17.34 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.51 |
| MA7: | 12,377.43 | |
| MA20: | 12,301.82 | |
| MA50: | 12,237.90 | |
| MA100: | 12,220.80 | |
| MAexp7: | 12,436.08 | |
| MAexp20: | 12,427.95 | |
| MAexp50: | 12,396.22 | |
| MAexp100: | 12,356.92 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +1.68% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.56% |
Quotes :
-
15 min delayed data
-
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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