CAC40 Ends Day Lower
The French CAC40 closed down 0.19% at 8,141.92 points. Trading volume was light, about €3.2 billion.
Paris stocks slipped because there is still no clear progress in talks between Washington and Tehran. Rumors suggest a possible deal that could reopen the Strait of Hormuz if the U.S. eases its demands on Iran’s nuclear program.
Investors now focus on central‑bank decisions. The U.S. Federal Reserve meets on April 28‑29. Most analysts expect rates to stay unchanged, around 3.5%‑3.75% for the rest of the year. It will also be Chairman Jerome Powell’s last meeting before he steps down.
Later in the week, the European Central Bank and the Bank of England will announce their own policy choices, adding more importance to this period for global markets.
At the same time, earnings from big tech companies – Apple, Amazon, Meta, Alphabet and Microsoft – are due. Those reports could push stock prices up or down in the next few days.
Future Market Levels
Resistance (price ceilings): 8,332 → 8,475 → 8,652.5
Support (price floors): 8,237.5 → 8,201.5 → 8,162.5 → 8,090 → 8,062 → 7,984 → 7,961 → 7,834 → 7,719 → 7,669 → 7,540.5
When the index falls below 8,128.5 points, the short‑term bias turns bearish.
What the Charts Show
Today’s chart shows a clear selling pressure. A big red candle formed, which often signals a possible turn down after a short rise.
If the price breaks the low of the upward gap opened on April 8, the current sideways move could become stronger. Traders should watch the 7,958‑point level closely.
A drop below that level could start a larger correction, potentially pushing the index toward the 7,540‑point area.
Note: The sharp move seen on April 14 was caused by a “fat‑finger” error – an accidental order entry. This glitch is excluded from the daily analysis.
Positive Signs
The gap that opened on April 7 was filled on April 23, acting as a technical support. As long as the index stays above the bottom of that gap, the chart stays in a constructive zone.
So far, the market has cleared early profit‑taking and is trying to move higher again. A bounce back into the long‑term upward channel, whose lower edge is around 8,270 points, would be a good sign.
If the price can close the continuation gap between 8,336 and 8,358 points, and later fill the break‑away gap from 8,473.5 to 8,544 points, the index could aim for the top of its long‑term channel near 8,800 points.
Indicator Check
- The index is trading below its 20‑day and 200‑day moving averages.
- MACD bars are rising but still under the signal line.
- RSI reads as neutral.
- Trading volume is lower than the previous day.
Bottom Line
Geopolitical uncertainty and volatile markets keep investors on edge, especially with news from the Middle East. Technical signals hint at a possible shift in trend. We keep a focused approach on selected ideas, such as adding Guerbet to the portfolio, while maintaining hedges to protect overall exposure.
