CAC 40 4 Hour Price Update
Updated June 30, 2020 11:12 PM GMT (07:12 PM EST)
CAC 40’s 3 four-hour candle negative streak has officially concluded, as the candle from the last 4 hour candle closed up 0.38% (18.58). Relative to other instruments in the 8 major global equity indices asset class, CAC 40 ranked 4th since the last 4 hour candle 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 4945.46 US dollars, up 0.73% (35.82) since the day prior. Out of the 8 instruments in the 8 major global equity indices asset class, CAC 40 ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a daily price chart of CAC 40.
CAC 40 Technical Analysis
Volatility for CAC 40 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that CAC 40’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to CAC 40:
- From truemagic68:
Asian bourses seemed very happy to ride on the coattails of Wall Street’s upbeat sentiment, which saw the DJIA add over 500 points on improved economic data – Suggested European opening calls – FTSE 100 +6 at 6247, DAX +54 at 12312, CAC 40 +21 at 4966, DJIA +74 at 25668 at 5.10am
- From truemagic68:
With oil prices falling, gold rallying and the recording of 500k global pandemic deaths, unsurprisingly Asian shares have fallen – Suggested European opening calls – FTSE 100 -46 points at 6130, DAX -63 points at 12029, CAC 40 -22 points at 4887, DJIA +17 points at 25040 @ 5.29am
- From Elchup82:
@yatesinvesting @evan_kutach On french market, CAC 40 , most of enterprises with offerings fall to dust…