CAC 40 (CAC) Moves Up For the 3rd Straight Day
Out of the 14 instruments in the equity indices asset class, cac 40 ended up ranking 11th for the day in terms of price change relative to the day prior.
CAC 40
(Last Updated January 12, 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
If we observe the 90 and 14 day timeframes, we see an uptrend in place for CAC.
CAC Moving Averages
CAC’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing CAC’s price with its moving averages.
The View From the Weekly Timeframe
At the moment, CAC’s price is down -44.45 (-0.78%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend 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) Moves Up For the 2nd Straight Day; in a Downtrend Over Past 30 Days
This move is a reversal from the hour prior, which saw price move up.
CAC 40 (CAC) 2 Day Down Streak Broken; in a Downtrend Over Past 30 Days
Relative to other instruments in the equity indices asset class, cac 40 ranked 8th since yesterday in terms of percentage price change.
CAC 40 (CAC) Down 0.59%, in a Downtrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
It’s been a feast for bulls operating on an hourly timeframe, as cac has now gone up 4 of the past 5 hours.
CAC 40 (CAC) Down 0.23%, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Out of the 14 instruments in the equity indices asset class, cac 40 ended up ranking 4th for the day in terms of price change relative to the day prior.
CAC 40 (CAC) 2 Day Down Streak Broken, in a Downtrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on cac.
CAC 40 (CAC) Moves Down For the 2nd Straight Day; in a Downtrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on cac.
CAC 40 (CAC) Down 0.83%; in a Downtrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
CAC 40 (CAC) Up 0.62%
Relative to other instruments in the equity indices asset class, cac 40 ranked 3rd since the day prior in terms of percentage price change.
CAC 40 (CAC) Down 0.4%
Out of the 14 instruments in the equity indices asset class, cac 40 ended up ranking 9th for the day in terms of price change relative to yesterday.