CAC suffered from RSI divergence On weekly chart, CAC already suffered much from Bearish RSI divergence. It is secured number one position within all major indices in achieving target.
About CAC 40 Index
The CAC 40 (CFD ticker: FRA40) is the benchmark index for the stock market in France. This index represents the top 40 stocks in the Euronext Paris stock market previously called "Bourse de Paris"; the total market capitalization of this index in 2015 was €1.03 Trillion. The Euronext trading hours begin at 9 a.m. and run to 5:35 p.m. CET for the fixing, Monday-Friday. This index was created back in December of 1987 and it started with a base value of 1,000. This index is of much help to investors that want to gain a perspective on how France"s stock market is performing and the economic implications that come along with the performance of this index. France represents one fifth of the total economy of Europe, therefore, it is of great importance to investors to follow the behavior of the French index in order to gain insight of where the European economy is heading. CAC 40 represents stocks from a broad range of sectors, with a total representation of 35 sectors. The sectors in this index range from the tires sector, automobiles, chemicals, cyber security, steel, aerospace, and insurance just to name a few. The CAC 40 is the French equivalent of the DAX 30. The sectors that have the most effect in the index are the pharmaceutical sector with a 10% of the total weight of the index, Banking 10%, and Oil equipment and services with a 9%.
CAC40 TODAY : Stocks in France Fall 0.2% on MondayThe CAC 40 fell about 0.2% to trade at 7,405 on Monday, tracking its regional peers lower, as traders pare bets major central banks and specially the Fed will cut interest rates as soon as March.
Lower oil prices also weighed on the energy sector.
Among single stocks, TotalEnergies (-1.5%) and L
CAC 40 Edged Up 0.3% on WednesdayThe CAC 40 index rose about 0.3% to the 7,590 level on Wednesday, tracking its European peers higher, fueled by growing optimism regarding major central banks potentially implementing interest rate cuts in the coming year. Among single stocks, Alstom (+2.5%), Teleperformance SE (+1.2%), STMicroelect
Index. On strong support . short term buy possible if move is upIndex. On strong support . short term buy possible if further move is up else next down might sort to aim swing low.
harmonic pattern xabcdharmonic pattern activated and we may see a good move till marked levels, and we can also find reversals from these levels. So keep in mind these levels.
CAC 40 indexCAC 40 Index in day Time Frame is looking nutrual after war situation. I think it will consolidate here for 2 months after that I consider market will gave breakout and we can se further up move. This is only for education purpose, not any buy or sell recommendation.
CAC ..........7000 or reversal on the cards ???On Daily Chart seems to be marching towards 6900+
All chances of a pull back from near 7000+
Be cautious at higher levels
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CAC 40 Index reached its highest quote on May 10, 2024 — 8,261.1 EUR. See more data on the CAC 40 Index chart.
The lowest ever quote of CAC 40 Index is 3,629.6 EUR. It was reached on Mar 18, 2020. See more data on the CAC 40 Index chart.
CAC 40 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy CAC 40 Index futures or funds or invest in its components.