CAC SMALL

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	CACS
ISIN:	QS0010989125

CAC SMALL - 1H - Technical analysis published on 05/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 12,465.50 EUR

My targets

12,741.79 EUR (+0.71%)

12,984.80 EUR (+2.63%)

My analysis

The bullish trend is currently very strong on CAC SMALL. As long as the price remains above the support at 12,465.50 EUR, you could try to benefit from the boom. The first bullish objective is located at 12,741.79 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,984.80 EUR as an objective. Crossing it would then enable buyers to target 14,201.18 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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

CAC SMALL rating 12,651.58 EUR. On the day, this instrument lost -0.06% and was between 12,639.88 EUR and 12,657.87 EUR. This implies that the price is at +0.09% from its lowest and at -0.05% from its highest.

12,639.88

12,657.87

12,651.58

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAC SMALL:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAC SMALL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.

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

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,906.82	12,233.44	12,465.50	12,651.58	12,984.80	14,201.18	15,103.72
Change (%)	-5.89%	-3.31%	-1.47%	-	+2.63%	+12.25%	+19.38%
Change	-744.76	-418.14	-186.08	-	+333.22	+1,549.60	+2,452.14
Level	Major	Minor	Intermediate	-	Intermediate	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,413.87	12,466.77	12,563.16	12,616.06	12,712.45	12,765.35	12,861.74
Camarilla	12,618.51	12,632.19	12,645.88	12,659.56	12,673.25	12,686.93	12,700.62
Woodie	12,435.63	12,477.64	12,584.92	12,626.93	12,734.21	12,776.22	12,883.50
Fibonacci	12,466.77	12,523.80	12,559.03	12,616.06	12,673.09	12,708.32	12,765.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,755.83	11,904.43	12,174.51	12,323.11	12,593.19	12,741.79	13,011.87
Camarilla	12,329.46	12,367.84	12,406.22	12,444.60	12,482.98	12,521.36	12,559.74
Woodie	11,816.58	11,934.80	12,235.26	12,353.48	12,653.94	12,772.16	13,072.62
Fibonacci	11,904.43	12,064.36	12,163.17	12,323.11	12,483.04	12,581.85	12,741.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,029.77	11,228.27	11,526.27	11,724.77	12,022.77	12,221.27	12,519.27
Camarilla	11,687.72	11,733.24	11,778.75	11,824.26	11,869.77	11,915.29	11,960.80
Woodie	11,079.51	11,253.15	11,576.01	11,749.65	12,072.51	12,246.15	12,569.01
Fibonacci	11,228.27	11,417.94	11,535.11	11,724.77	11,914.44	12,031.61	12,221.27

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):	80.19
MACD (12,26,9):	69.2500
Directional Movement:	42.39
AROON (14):	92.86
DEMA (21):	12,649.99
Parabolic SAR (0,02-0,02-0,2):	12,608.93
Elder Ray (13):	54.77
Super Trend (3,10):	12,577.65
Zig ZAG (10):	12,640.84
VORTEX (21):	1.3400
Stochastique (14,3,5):	91.49
TEMA (21):	12,657.99
Williams %R (14):	-11.22
Chande Momentum Oscillator (20):	157.87
Repulse (5,40,3):	0.1700
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	2.60

MA7:	12,457.72
MA20:	12,015.51
MA50:	11,770.46
MA100:	11,687.26
MAexp7:	12,629.65
MAexp20:	12,558.81
MAexp50:	12,425.05
MAexp100:	12,253.73
Price / MA7:	+1.56%
Price / MA20:	+5.29%
Price / MA50:	+7.49%
Price / MA100:	+8.25%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.74%
Price / MAexp50:	+1.82%
Price / MAexp100:	+3.25%

Quotes : - 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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