The Paris CAC 40 index finished the session slightly higher, gaining 0.06% to settle at 8,316.5 points on modest turnover of €3.09 bn. The market moved in a tranquil environment, with Wall Street closed for Presidents' Day and several Asian exchanges paused for the Lunar New Year.
Investors remain focused on the upcoming earnings wave, awaiting reports from heavyweight French firms such as Airbus, Renault, Orange and Pernod Ricard. So far, L'Oréal has been the standout performer, jumping 3.41% to €385.05 after its 2025 results were published. In contrast, Dassault Systèmes suffered a 9.54% slide, pressured by AI‑related concerns and a downgrade from AlphaValue that moved its recommendation from “buy” to “reduce.” Recent sales growth came in at the low end of expectations, adding to the downward pressure.
February Futures Outlook
Key resistance levels: 8,311 – 8,338 – 8,399.5 – 8,470 points.
Major support zones: 8,274.5 – 8,247 – 8,216 – 8,182 – 8,116 – 8,045.5 – 8,014.5 – 7,963 – 7,904 points.
Intraday sentiment stays bearish as long as the index remains below the 8,366‑point threshold.
From a technical viewpoint, the February CAC 40 future retains an upward bias provided it holds above the 8,247‑point floor. A clean break above 8,311, confirmed by three consecutive closes, would reinforce short‑term upside momentum. Immediate targets lie around 8,338.5 and 8,399.5, while the upper edge of the longer‑term ascending channel hovers near the 8,600‑point mark.
Conversely, failure to defend the 8,247 level could reopen the previous 8,030–8,162 range, with a potential pullback toward 8,014.5. A decisive breach would shift focus to historic congestion zones at 7,731 and 7,603 points.
Indicator Snapshot
- Price sits above the 20‑, 50‑ and 200‑day moving averages.
- MACD histogram has turned negative, trading under the signal line.
- RSI is in a neutral zone.
- Volume has slipped compared with the prior session.
Strategic Takeaway
We plan to lock in tactical profits as the index approaches the identified technical thresholds. Vigilance around these zones will help spot clear reversal signals for potential re‑entries. Given the scarcity of bullish configurations, we favor a selective reinforcement of dynamic and investor‑focused portfolios, relying on disciplined stock‑picking backed by solid technical cues.