CAC 40 (CAC) Up $14.01 On 4 Hour Chart, Started Today Down 0.19%; Price Base in Formation Over Past 90 Days

CAC 40 4 Hour Price Update

Updated July 01, 2020 11:12 PM GMT (07:12 PM EST)

CAC 40 is up 0.28% (14.01) since the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. On a relative basis, the current 4 hour candle were pretty good: CAC 40 bested all 8 of the assets in the 8 major global equity indices class 🙂

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 4935.99 US dollars, down 0.19% (9.47) since yesterday. Out of the 8 instruments in the 8 major global equity indices asset class, CAC 40 ended up ranking 7th for the day in terms of price change relative to yesterday. The daily price chart of CAC 40 below illustrates.

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. Or to view things another way, note that out of the past 14 days CAC 40’s price has gone up 7 them.

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 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 truemagic68:

    Despite coronavirus spike concerns, Wall Street blazed the trail on improving consumer confidence with Asia enjoying improved Chinese factory activity. Suggested European opening calls – FTSE 100 +5 at 6189, DAX +41 at 12374, CAC 40 +18 at 4953, DJIA -23 at 25746 at 4.58am