CAC 40 (CAC) Up $13.43 in Last 4 Hours, 2 Day Down Streak Ended; Breaks Above 20 Day Average
Tech fared well as did pfizer on vaccine trial, reflected in asian session.
CAC 40
(Last Updated July 2, 2020)
Hello! This is the news page for CAC 40. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On CAC 40, there is currently a clear uptrend on the 30 day timeframe.
CAC Moving Averages
The moving averages on CAC summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bearish, implying a downward trend, save for a spike that occurred about 7 weeks ago. Moreover, today we saw the 20 moving average turn bearish.
The chart below illustrates.
CAC 40 (CAC) Down $20.38 On 4 Hour Chart, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Or to view things another way, note that out of the past 30 days cac 40’s price has gone up 15 them.
CAC 40 (CAC) Up $14.01 On 4 Hour Chart, Started Today Down 0.19%; Price Base in Formation Over Past 90 Days
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.
CAC 40 (CAC) Up $18.58 Over Past 4 Hours, Entered Today Up 0.73%; Nears 20 Day Moving Average
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.
CAC 40 (CAC) Up $9.98 On 4 Hour Chart, Started Today Down 0.18%; in an Uptrend Over Past 30 Days
Out of the 8 instruments in the 8 major global equity indices asset class, cac 40 ended up ranking 4th for the day in terms of price change relative to the previous day.
CAC 40 (CAC) Up $42.48 On 4 Hour Chart, Started Today Down 2.92%; in an Uptrend Over Past 30 Days
Out of the 8 instruments in the 8 major global equity indices asset class, cac 40 ended up ranking 6th for the day in terms of price change relative to the previous day.
CAC 40 (CAC) Down $19.69 Over Past 4 Hours, Entered Today Up 1.39%; in an Uptrend Over Past 30 Days
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.
CAC 40 (CAC) Up $6.06 On 4 Hour Chart; Entered Today Down 0.65%
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 the day prior.
CAC 40 (CAC) Down $5.16 in Last 4 Hours, Started Today Up 0.47%; in an Uptrend Over Past 30 Days
Relative to other instruments in the 8 major global equity indices asset class, cac 40 ranked 5th since the day prior in terms of percentage price change.
CAC 40 (CAC) Up $40.46 in Last 4 Hours, Entered Today Down 0.77%; in an Uptrend Over Past 30 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.