CAC 40 is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The index has broken a support level and given a negative signal for the long term trading range. The index has support at points 7140 and resistance at points 7500. The index is overall assessed as technically slightly negative for the medium long term.

LOreal has broken the falling trend channel down in the medium long term, which indicates an even stronger falling rate. The price has had a strong fall after the negative signal from the rectangle formation at the break down through the support at 396. The objective at 360 is now met, but the formation signals further development in the same direction. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the stock has resistance at 380 euro. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which confirms the trend. RSI is below 30 after the falling prices of the past weeks. The stock 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 stock is overall assessed as technically negative for the medium long term.