CAC 40 (CAC) Down 1.77%, in a Downtrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
Relative to other instruments in the equity indices asset class, cac 40 ranked 12th since the day prior in terms of percentage price change.
CAC 40
(Last Updated October 27, 2020)
Welcome to the news page for CAC 40 (CAC). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On CAC 40, we don’t see a clear trend until the 90 day basis, where we see a very slight downtrend.
CAC Moving Averages
Across several time periods between 20 and 200 days, the trend on CAC has remained consistently bearish. Moreover, it should also be noted that the 20 SMA just turned bearish today.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, CAC’s price is down $-93.52 (-1.9%) from the week prior. Moreover, note that this is the 3rd consecutive week CAC has seen its price head down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows CAC’s price action over the past year.
CAC 40 (CAC) Down 1.9%, Crosses 20 Day Moving Average; Price Base in Formation Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
CAC 40 (CAC) 3 Day Down Streak Ended; Breaks Above 20 Day Average
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
CAC 40 (CAC) Down 0.05%
This is the 2nd consecutive hour cac has seen its price head down.
CAC 40 (CAC) Down 1.53%; Crosses 20 Day Moving Average
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
CAC 40 (CAC) Down 0.27%, is Inching Close to 50 Day Average; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 9 out of the past 14 days.
CAC 40 (CAC) Down 0.13%; Nears 50 Day Moving Average
This is a reversal of the price action on the previous hour, in which price moved up.
CAC 40 (CAC) 3 Day Down Streak Snapped, Breaks Above 20 Day Average; in an Uptrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.
CAC 40 (CAC) Heads Down For the 3rd Consecutive Day, Breaks Below 20 Day Average; in an Uptrend Over Past 14 Days
Relative to other instruments in the equity indices asset class, cac 40 ranked 11th since yesterday in terms of percentage price change.
CAC 40 (CAC) Down 0.12%, Breaks Below 50 Day Average; in an Uptrend Over Past 14 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on cac.