After the Bell | Mixed technical outlook for CAC despite basking in bullish intraday sentiment

  • Medium-term trend indication has turned positive as the MACD index generated a crossover buy signal
  • The lower Bollinger Band® is currently at 7,087 while the higher band is at 7,427

CAC 40 is on a 4 day bullish run gaining 52.16 points (1.72%). On-trend CAC 40 closed the session yesterday with more of the same: CAC improves 0.98% to close at 7,286.32 yesterday.

CAC 40 hit a significant low of 15.42 around 9 months ago, but has since recovered 46,700%.

Trend and momentum analysis indicates that the MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. According to asset volatility analysis, CAC's upper Bollinger Band® is at 7,427, this is a slight indication of a slowdown.

Overall, while CAC 40 has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Fundamental indicators – Italy Consumer Price Index came out at 0%, while a consensus of analysts was expecting 0.1%.

Other markets are also showing gains as FTSE increases 0.52% yesterday and closed at 7,461.46. EuroSTOXX is trading around 4,344.75 after ending yesterday's session at 4,305.26 (up 0.92% today).

Meanwhile, Hang Seng is down to 18,900, losing 272.05 points, after ending the previous session around 19,172.

Upcoming fundamentals: Euro Zone Consumer Price Index figure is projected at 5.6%. It previously stood at 6.1%; data will be released tomorrow at 09:00 UTC.

جدیدترین اخبار شاخص‌ها

Discover the most volatile indices from today's muted session

Discover the most volatile indices from today's muted session

HANG SENG INDEX is today's top mover after gaining 0.57% Today's muted price action is occurring amid mixed market indicators – United States ISM ...
04 July, 2023

CAC eyeing key support at 7,373.4

Next support is currently 5.57 points away at 7,373.4 Bollinger analysis indicates upper Band® is at 7,426.73 Stable at 7,379 and still trending upwards, ...
04 July, 2023

The STOXX Europe 50 Index eyeing key support at 4,390.42

Next support is currently 6.85 points away at 4,390.42 Bollinger analysis indicates upper Band® is at 4,421.42 In the midst of a 7 day ...
04 July, 2023

مزایای تجارت با ما

The STOXX Europe 50 Index eyeing key support at 4,390.42

حداقل واریز 10 دلار

The STOXX Europe 50 Index eyeing key support at 4,390.42

پشتیبانی صمیمی، حرفه ای و شبانه روزی

The STOXX Europe 50 Index eyeing key support at 4,390.42

محیط معاملاتی قابل اعتماد

The STOXX Europe 50 Index eyeing key support at 4,390.42

اهرم معاملاتی انعطاف پذیر تا 1:1000

The STOXX Europe 50 Index eyeing key support at 4,390.42

بالاترین امنیت وجوه

The STOXX Europe 50 Index eyeing key support at 4,390.42

گزینه های مختلف سپرده و برداشت

سوال دارید؟ به مرکز راهنمایی The STOXX Europe 50 Index eyeing key support at 4,390.42 ما مراجعه کنید

سوال دارید؟ به مرکز راهنمایی The STOXX Europe 50 Index eyeing key support at 4,390.42 ما مراجعه کنید

تیم ما متعهد است که به بهترین شیوه ممکن به شما کمک کند. اگر به کمک نیاز داشتید حتماً با ما تماس بگیرید.