CAC 40 · mature rally rejected at the highs
CAC 40 technical analysis: rejected from its record, the daily repairs
CAC 40 · mature rally rejected at the highs
Our view last week
The CAC 40 ETF's weekly technical analysis marks a first crack: after weeks glued to its record, the index tested the all-time high and was firmly rejected, slipping to 2.71% below the peak. The buy trade is still up 3.01%, but weekly price action has turned neutral, the MACD histogram has rolled over and Signal Strength sits at its floor. The quality band advises against fresh entries — for those already in, it's time to defend the profit.
This week's summary
The CAC — the ETF tracking the CAC 40 — technical read frames a mature rally tested at its highs: rejected from its record in early July, the index now works 2.7% below the peak. The daily is repairing, with a solid double bottom in the 82 area and buyers still in the majority, but on the weekly the drive is cooling — MACD histogram lower, price action turned bearish. Signal Strength sits near its floor and the quality band advises against fresh entries in this late stage of the cycle.
IQS Phase
50
ordinary
Signal Strength
11
low · fading
ATH distance
2.72%
2.72%
KPI 4
0/3
Trade P&L %
+3.00%
from signal to today
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