The Hourly View for CAC
Last Updated February 19, 2021, 23:17 GMT
At the moment, CAC 40’s price is down -3 (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as CAC 40 has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CAC 40 Daily Price Recap
CAC 40 is down 0.65% (37.51) since the day prior, marking the 2nd day in a row it has gone down. Relative to other instruments in the equity indices asset class, CAC 40 ranked 10th since the day prior 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. For another vantage point, consider that CAC 40’s price has gone up 5 of the previous 10 trading days.