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.
(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:
On CAC, there is currently an uptrend on the 90, 30 and 14 day timeframes.
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.
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.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Price action traders may also wish to note that we see a doji candlestick pattern on cac 40.
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.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Relative to other instruments in the equity indices asset class, cac 40 ranked 4th since the previous day in terms of percentage price change.
Relative to other instruments in the equity indices asset class, cac 40 ranked 11th since the previous day in terms of percentage price change.
Relative to other instruments in the equity indices asset class, cac 40 ranked 10th since yesterday in terms of percentage price change.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Relative to other instruments in the equity indices asset class, cac 40 ranked 8th since the previous day in terms of percentage price change.