CAC 40 (CAC) Down 0.67%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 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
(Last Updated January 18, 2021)
Welcome to the news page for CAC 40 (CAC). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On CAC, there is currently an uptrend on the 90, 30 and 14 day timeframes.
CAC Moving Averages
Across several time periods between 20 and 200 days, the trend on CAC has remained consistently bullish.
Below is a chart showing CAC’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, CAC’s price is down -95.19 (-1.67%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. CAC’s weekly price action over the past 52 weeks can be seen via the chart below.
CAC 40 (CAC) Down 0.67%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days
Price action traders may also wish to note that we see a doji candlestick pattern on cac 40.
CAC 40 (CAC) Up 0.1%, in an Uptrend Over Past 90 Days; Eyes 20 Day Average
Out of the 14 instruments in the equity indices asset class, cac 40 ended up ranking 7th for the day in terms of price change relative to yesterday.
CAC 40 (CAC) Down 1.22%, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
CAC 40 (CAC) Heads Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
CAC 40 (CAC) 2 Day Down Streak Snapped
Relative to other instruments in the equity indices asset class, cac 40 ranked 4th since the previous day in terms of percentage price change.
CAC 40 (CAC) Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, cac 40 ranked 11th since the previous day in terms of percentage price change.
CAC 40 (CAC) 3 Day Up Streak Snapped, in an Uptrend Over Past 14 Days; Evening Star Pattern Appearing on Chart
Relative to other instruments in the equity indices asset class, cac 40 ranked 10th since yesterday in terms of percentage price change.
CAC 40 (CAC) Up 0.7%, in an Uptrend Over Past 14 Days; 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 50 hour timeframe.
CAC 40 (CAC) Up 1.19%, in an Uptrend Over Past 90 Days; Price Base in Formation Over Past 30 Days
Relative to other instruments in the equity indices asset class, cac 40 ranked 8th since the previous day in terms of percentage price change.