CAC (CAC40.NDX)
Close: 7 100.42 (+173.30), Apr 8, 2025
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Liquidity risk: | Volatility risk: |
Short term
CAC has broken the rising trend channel in the short term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 7280 points. RSI is below 30 after the falling prices of the past weeks. The index has strong negative momentum and further decline is indicated. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The index is overall assessed as technically negative for the short term. Recommendation one to six weeks:
Medium term
CAC has broken down from an approximate horizontal trend channel in the medium long term. This signals a continued weak development, and the index now meets resistance on possible reactions up towards the floor of the trend channel. The index is testing resistance at points 7140. This could give a negative reaction, but an upward breakthrough of points 7140 means a positive signal. RSI is below 30 after the falling prices of the past weeks. The index has strong negative momentum and further decline is indicated. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The index is overall assessed as technically negative for the medium long term. Recommendation one to six months:
Long term
Investors have paid higher prices over time to buy CAC and the index is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The index gave a negative signal from the rectangle formation by the break down through the support at 7255. Further fall to 6359 or lower is signaled. The index is between support at points 6800 and resistance at points 7400. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically neutral for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.67% | 0.00 | +2.50% |
5 days | 0.00 | 2.07% | 0.00 | -9.85% |
22 days | 0.00 | 5.25% | 0.00 | -12.57% |
66 days | 0.00 | 10.50% | 0.00 | -4.64% |
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