CAC 40 (CAC.CAC40)

Close: 7 513.73 (-84.90), Jul 24, 2024
Weak Positive

Low risk

Automatic technical analysis. Medium term, Jul 24, 2024

CAC 40 shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The price has had a strong fall after the negative signal from the double top formation at the break down through the support at 7915. The objective at 7622 is now met, but the formation signals further development in the same direction. The index is testing support at points 7500. This could give a positive reaction, but a downward breakthrough of points 7500 means a negative signal. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 35)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.63%0.00-1.12%
5 days0.002.03%0.00-0.75%
22 days0.005.03%0.00-2.51%
66 days0.009.02%0.00-6.55%

More analyses of CAC 40

chart CAC 40 (CAC) Candlesticks 22 Days
Candlesticks
chart CAC 40 (CAC) Short term
Short term: Negative
chart CAC 40 (CAC) Medium term
Medium term: Weak Positive
chart CAC 40 (CAC) Long term
Long term: Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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