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Cac 40 the Paris stock market in unstable balance not far from its records

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Analysis published on Monday September 18, 2023

It’s been almost 6 months that absolutely nothing has happened on the Paris stock exchange and the CAC 40 is in a lethargic attitude, perched near these historic records.

The index is locked in a narrow corridor, bordered on the upside by its record at 7581 points and on the downside by technical support which passes around 7050 points. The CAC 40 oscillates on either side of its main moving averages which are themselves completely flat, not helping to determine a trend which remains absent for subscribers.

Technically it is therefore particularly delicate to take a position. Apart from playing back and forth in this channel of indecision. However, it doesn’t offer much potential.

Investors therefore remain passive after learning of the decision of the European Central Bank (BCE) last week they are now waiting for that of the Federal Reserve American.

Whatever the decision that comes out of the hat, it is still difficult to go through the highest absolute levels when there is no catalyst to strongly revive the market. The latter remains valued quite high and it seems to us that the downside risks are the most significant today. In any case, given this totally undecided situation and the weakness of the technical indicators, we will prefer to stay away as long as volatility does not come back to shake the coconut tree a little.

© www.abcbourse.com

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The information and analyzes distributed by ABC Bourse only constitute a decision-making aid for investors. ABC Bourse cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.



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