The Hourly View for CAC
Last Updated February 18, 2021, 00:018 GMT
At the time of this writing, CAC 40’s price is down -2 (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on CAC; it is now pointing down. 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
The choppiness in the recent daily price action of CAC 40 continues; to start today, it came in at a price of 5786.53 US dollars, down 0% (0.28) since yesterday. Relative to other instruments in the equity indices asset class, CAC 40 ranked 6th since yesterday in terms of percentage price change. Here is a daily price chart of CAC 40.
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 additional context, note that price has gone up 17 out of the past 30 days.