CAC 40 (CAC) Down 0.02%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days

The Hourly View for CAC

Last Updated February 12, 2021, 18:17 GMT

Currently, CAC 40’s price is down -3.51 (-0.06%) from the hour prior. CAC 40 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 0.02% (0.98) since the previous day, marking the 2nd straight day it has gone down. Out of the 14 instruments in the equity indices asset class, CAC 40 ended up ranking 11th for the day in terms of price change relative to the previous day. Here is a daily price chart of CAC 40.

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CAC 40 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days CAC 40’s price has gone up 6 them.