CAC 40 (CAC) 2 Day Down Streak Snapped; in an Uptrend Over Past 14 Days

The Hourly View for CAC

Last Updated February 23, 2021, 00:017 GMT

At the time of this writing, CAC 40’s price is down -18.52 (-0.32%) from the hour prior. This is the 2nd hour in a row CAC 40 has seen its price head down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 20 and 50 hour moving averages have been crossed, so that price is now turning below them. 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

CAC 40 entered today at 5773.55, up 0.79% ($45.22) from the day prior. Out of the 14 instruments in the equity indices asset class, CAC 40 ended up ranking 4th for the day in terms of price change relative to the day prior. Here is a daily price chart of CAC 40.

CAC

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. For another vantage point, consider that CAC 40’s price has gone up 15 of the previous 30 trading days.