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Investtech Indices
CAC 40 (CAC.PA)
Close: 7 479.40 (-51.32), Jun 28, 2024
Negative
Low risk
Candlesticks
Short term: Negative
Medium term: Negative
Long term: Positive
Short term
CAC 40 is in a falling trend channel in the short term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 7930 points. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically negative for the short term.Recommendation one to six weeks: Negative (Score: -86)
Medium term
CAC 40 has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The price has had a strong fall after the negative signal from the double top formation at the break down through the support at 7915. The objective at 7622 is now met, but the formation signals further development in the same direction. The index has marginally broken down through support at points 7500. An established break predicts a further decline. The index is overall assessed as technically negative for the medium long term.Recommendation one to six months: Negative (Score: -78)
Long term
CAC 40 has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index is testing support at points 7400. This could give a positive reaction, but a downward breakthrough of points 7400 means a negative signal. The index is assessed as technically positive for the long term.Recommendation one to six quarters: Positive (Score: 54)
Overall analysis
CAC 40 is technically negative for the short and medium term, but positive for the long term.Recommendation one to six months: Negative (Score: -57)
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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