The Hourly View for CAC
Last Updated June 14, 2021, 02:017 GMT
At the moment, CAC 40’s price is up 8 (0.12%) from the hour prior. CAC 40 has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on CAC 40. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
CAC 40 Daily Price Recap
6600.66 was the closing price of the day for CAC 40, resulting in today being one in which price moved up 0.83% ($54.17) from the previous day. Relative to other instruments in the equity indices asset class, CAC 40 ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of CAC 40.
CAC 40 Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days CAC 40’s price has gone up 10 them.