CAC ends the day on a bullish note closing near the high of the day
Moving higher for the 3rd day in a row, CAC ended Thursday at 5621.92 surging €54.38 (0.98%). This is the biggest single day gain in over a month. Today's closing price of 5621.92 marks the highest close since December 28, 2007. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 5570.96, CAC 40 Index confirms its breakout through the previous session's high having traded €50.96 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was €51.88 (0.93%), that's far above last trading month's daily average range of €34.51. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.
Market Conditions for CAC 40 Index
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Bearish Hikkake Pattern||TQ Pro Members Only|
|Hammer||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Related Equity Indices