CAC 40: below resistance, consolidation is likely (AT)


Technical analysis CAC 40

Synthesis

The MACD is negative and below its signal line. This configuration degrades the outlook for the index. The RSI does not indicate an oversold yet so further decline is technically possible. Below 20, stochastics are extremely low. The volumes traded are higher than the average volume over the last 10 days.

Movements and Levels

The bullish movement seems to have stopped. The index is below its 50-day moving average at 7050.97. The first support is at 6494.58 PTS, then at 6229.5 PTS and the resistance is at 7422.34 PTS, then at 7554.88 PTS

Technical analysis
TendencyCalculated data
Technical adviceNegativePrice on 01/266,837.96
Background trendNeutralMM207,157.27
Bracket 16,494.58MM507,050.97
Bracket 26,229.50ROI37.04
Resistance 17,422.34MACD– 25.80
Resistance 27,554.88Stochastic11.69

Technical analysis provided by © TEC

Technical Analysis provided by TEC ©2022. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given time and which is subject to change at any time. The notions of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to them.



Source link -87