Closing Bell | CAC 40 maintains neutral outlook despite adding 0.81% Friday

• The MACD is significantly below its signal line which suggests that the existing bearish sentiment is beginning to swing around toward a more bullish outlook.
• The lower Bollinger Band® is currently at 7,132 while the higher band is at 7,448.26

CAC rose 59.02 points to close at 7,322.39 Friday which makes for a move of 0.81%.

With regards to technical trend indicators, chart analysis show that the MACD is significantly below its signal line, which suggests the market is running out of bearish momentum and could revert to a positive outlook as bulls regain control. Analysis based on the asset volatility indicates that CAC's upper Bollinger Band® is at 7,448.26, this is a slight indication of a slowdown.

With market volatility ebbing, the current technical outlook indicates CAC 40 will remain range-bound for the immediate future.

Other markets are also showing gains as Dow Jones went up by 1.26% Friday, and closed at 33,274. S&P 500 added 1.44% and closed around 4,050.83 Friday. Nasdaq went up by 1.74% Friday, and closed at 12,222.