CAC 40 (CAC) Down $18.05 On 4 Hour Chart, Started Today Up 1.4%; Crosses 20 and 50 Day Moving Averages

CAC 40 4 Hour Price Update

Updated September 10, 2020 11:12 AM GMT (07:12 AM EST)

CAC 40’s 4 four-hour candle positive streak has officially concluded, as the candle from the previous 4 hours closed down 0.36% (18.05). Relative to other instruments in the 8 major global equity indices asset class, CAC 40 ranked 6th since the previous 4 hours in terms of percentage price change.

CAC 40 Daily Price Recap

The choppiness in the recent daily price action of CAC 40 continues; to start today, it came in at a price of 5042.98 US dollars, up 1.4% (69.46) since the previous day. Relative to other instruments in the 8 major global equity indices asset class, CAC 40 ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of CAC 40.

CAC

CAC 40 Technical Analysis

Notably, CAC 40 crossed above its 20 and 50 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that CAC 40’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to CAC 40 for the past day were:

  • From PriapusIQ:

    πŸ”” European Opening Bell πŸ””Mixed start to the day. ECB later and yet more Brexit BS weighing on the minds of many participants will likely lead to reduced volume in early trade.πŸ‡ͺπŸ‡Ί STOXX 600 UP 0.1%πŸ‡©πŸ‡ͺ DAX FLATπŸ‡¬πŸ‡§ FTSE 100 DOWN 0.1%πŸ‡«πŸ‡· CAC 40 UP 0.1%πŸ‡ͺπŸ‡Έ IBEX FLAT

  • From torvale1953:

    The U.K. FTSE 100 Index is up 1.5%, Germany’s DAX Index is rallying 2.0%, France’s CAC-40 Index is increasing 1.4%, Spain’s IBEX 35 Index is gaining 0.9%, Italy’s FTSE MIB Index is advancing 1.7%, and Switzerland’s Swiss Market Index is rising 1.6%.

  • From DansInvestments:

    πŸ”” European Closing Bell πŸ””We’ll call it ‘profit-taking’ and say no more about it.πŸ‡©πŸ‡ͺ DAX DOWN 0.9%πŸ‡ͺπŸ‡Ί STOXX 600 DOWN 1.1%πŸ‡¬πŸ‡§ FTSE 100 DOWN 0.2%πŸ‡«πŸ‡· CAC 40 DOWN 1.6%πŸ‡ͺπŸ‡Έ IBEX DOWN 1.4%