CAC 40 (CAC) Heads Down For the 2nd Day In A Row; 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
(Last Updated August 4, 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
A trend/countertrend situation exists on CAC, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
CAC Moving Averages
Nuances in the trend on CAC can be understood by observing the behavior of its moving averages. The 50 and 100 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 200 day averages that imply a bearish trend.
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 up $92.24 (1.93%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. 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 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. CAC’s weekly price action over the past 52 weeks can be seen via the chart below.
CAC 40 (CAC) Underperforms All 8 major Global Equity Indices, 5 Day Up Streak Broken; in a Downtrend Over Past 90 Days
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.
CAC 40 (CAC) Heads Up For the 5th Day In A Row; 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 6th for the day in terms of price change relative to yesterday.
CAC 40 (CAC) Heads Up For the 4th Day In A Row, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the 8 major global equity indices asset class, cac 40 ranked 3rd since the day prior in terms of percentage price change.
CAC 40 (CAC) Heads Up For the 4th Day In A Row, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Out of the 8 instruments in the 8 major global equity indices asset class, cac 40 ended up ranking 5th for the day in terms of price change relative to the day prior.
CAC 40 (CAC) Up 1.44%; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the global equity indices asset class, cac 40 ranked 5th since the previous day in terms of percentage price change.
CAC 40 (CAC) Makes Big Move Relative to Two Week Trend, 2 Day Up Streak Ended; in a Downtrend Over Past 90 Days
Out of the 8 instruments in the global equity indices asset class, cac 40 ended up ranking 4th for the day in terms of price change relative to yesterday.
CAC 40 (CAC) Makes Big Move Relative to Two Week Trend, Up 1.86%; in a Downtrend Over Past 90 Days
Relative to other instruments in the global equity indices asset class, cac 40 ranked 6th since the previous day in terms of percentage price change.
CAC 40 (CAC) Makes Big Move Relative to Two Week Trend, Up 4.58%; Breaks Above 20 Day Average
Relative to other instruments in the global equity indices asset class, cac 40 ranked 4th since the day prior in terms of percentage price change.
CAC 40 (CAC) Makes Big Move Relative to Two Week Trend, Down 1.39%; in a Downtrend Over Past 30 Days
Out of the 8 instruments in the global equity indices asset class, cac 40 ended up ranking 5th for the day in terms of price change relative to yesterday.