CAC 40 (CAC) Up $18.84 On 4 Hour Chart, Entered Today Down 0.02%; Eyes 20 Day Average
Or to view things another way, note that out of the past 14 days cac 40’s price has gone down 8 them.
CAC 40
(Last Updated May 25, 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, we don’t see a clear trend until the 90 day basis, where we see a clear 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.
Below is a chart showing CAC’s price with its moving averages.
CAC 40 (CAC) Up $34.62 On 4 Hour Chart, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 30 Days
London $ftse -0.37% at 5,993.28 paris $cac 40 -0.02% at 4,444.56, frankfurt $dax +0.07% at 11,073.87.
CAC 40 (CAC) Up 0.75%, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 30 Days
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
CAC 40 (CAC) Down $3 On 4 Hour Chart, Started Today Up 0.75%; Price Base in Formation Over Past 30 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) Heads Up For the 2nd Day In A Row, Breaks Above 20 and 50 Day Averages; in a Downtrend Over Past 90 Days
Out of the 8 instruments in the 8 major global equity indices asset class, cac 40 ended up ranking 2nd for the day in terms of price change relative to yesterday.
CAC 40 (CAC) 4 Day Down Streak Ended; in a Downtrend Over Past 90 Days
Relative to other instruments in the 8 major global equity indices asset class, cac 40 ranked 6th since the day prior in terms of percentage price change.
CAC 40 (CAC) Makes Big Move Relative to Two Week Trend; Heads Down For the 4th Day In A Row
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) Fares the Worst Out of 8 major Global Equity Indices, Heads Down For the 3rd Day In A Row; in a Downtrend Over Past 90 Days
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up.
CAC 40 (CAC) Down 0.15%, Crosses 50 Day Moving Average; in a Downtrend Over Past 90 Days
Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe.
CAC 40 (CAC) Underperforms All 8 major Global Equity Indices, 2 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
On a relative basis, cac 40 was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today.