CAC 40 (CAC.CAC40)

Close: 5 809.73 (+16.94), Mar 2, 2021
Positive

Medium risk

Automatic technical analysis. Medium term, Mar 2, 2021

Investors have paid higher prices over time to buy CAC 40 and the index is in 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 index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is between the support at points 5700 and the resistance at points 6100. A definitive break through of one of these levels predicts the new direction. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 65)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.09%0.00+0.29%
5 days0.003.71%0.00+0.52%
22 days0.0010.51%0.00+7.60%
66 days0.0024.13%0.00+4.36%

More analyses of CAC 40

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


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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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