The record pushes back, money turns
CAC 40 ETF: the all-time high pushes back, money flow turns negative
Our view last week
The CAC, the CAC 40 ETF, has been turned away by its own record: weekly technical analysis puts it 1.37% below the all-time high, against 0.35% seven days ago. The daily tells the turn: buying participation collapses to 7.14% of volume from 40% a week earlier, and money flow slides back into negative ground. The trade is still up 6.73% since entry; our quality band keeps advising against fresh entries.
This week's summary
The CAC, the CAC 40 ETF, is in week 19 of a buy signal, and weekly technical analysis now puts it 3.04% below the all-time high, against 1.37% seven days ago: the record has turned price away a second time. The gain since entry thins to 4.90% and money flow has gone negative after seven weeks above zero, while on the daily buyers are back in force. Our quality band keeps advising against fresh entries.
IQS Phase
43
ordinary
Signal Strength
11
low · fading
ATH distance
3.13%
3.13%
KPI 4
0/3
Trade P&L %
+4.90%
from signal to date, no stop loss
restricted Platinum content