CAC, D1

On the D1 chart the instrument is trading in the upper part of Bollinger Bands. The indicator is directed upwards, and the price range remains unchanged, which indicates the preservation of the uptrend. The key support level is 5440.0. MACD histogram is in the positive zone with its volumes growing and keeps a strong sell signal. Stochastic is in the neutral area, there is no signal for entering the market.

CAC, H4

On the H4 chart the instrument is testing a strong resistance level of 5490.0. Bollinger Bands corrected sideways, and the price range expanded slightly, which indicates the continuation of the upward correction. MACD histogram is correcting in the neutral area and gives no clear signals for opening positions. Stochastic has left the overbought area having formed the sell signal.

Key levels

Resistance levels: 5490.0, 5522.1, 5562.3, 5626.0, 5658.2.

Support levels: 5440.7, 5402.4, 5357.0, 5357.0, 5317.1, 5264.1.

Trading tips

Long positions may be opened from the level of 5490.0 with target at 5615.0 and stop loss at 5435.0.

Short positions may be opened below the level of 5430.0 with target at 5315.0 and stop loss at 5475.0.

Implementation period: 2-4 days.

CAC40 index of the French stock exchange

BuySellSpread
5087.75077.7100

Scenario

TimeframeWeekly
RecommendationsBUY STOP
Entry Point5491.0
Take Profit5615.0
Stop Loss5435.0
Support levels5264.1, 5317.1, 5357.0, 5357.0, 5402.4, 5440.7, 5490.0, 5522.1, 5562.3, 5626.0, 5658.2

Alternative scenario

RecommendationsSELL STOP
Entry Point5429.0
Take Profit5315.0
Stop Loss5475.0
Support levels5264.1, 5317.1, 5357.0, 5357.0, 5402.4, 5440.7, 5490.0, 5522.1, 5562.3, 5626.0, 5658.2
CAC: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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