CARREFOUR - Daily - Technical analysis published on 09/02/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 16.405 EUR
My targets
15.700 EUR (-1.88%)
15.035 EUR (-6.03%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CARREFOUR, which is a positive signal for sellers. As long as the price remains above 16.405 EUR, a sale could be considered. The first bearish objective is located at 15.700 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.035 EUR as an objective. Crossing it would then enable sellers to target 13.892 EUR. If the price were to return above 16.405 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by emc3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CARREFOUR rating 16.000 EUR. On the day, this instrument lost -5.74% and was traded between 15.985 EUR and 16.180 EUR over the period. The price is currently at +0.09% from its lowest and -1.11% from its highest.15.985
16.180
16.000
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CARREFOUR indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.892 | 15.035 | 15.700 | 16.000 | 16.405 | 16.776 | 17.717 |
| Change (%) | -13.18% | -6.03% | -1.88% | - | +2.53% | +4.85% | +10.73% |
| Change | -2.108 | -0.965 | -0.300 | - | +0.405 | +0.776 | +1.717 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.735 | 15.860 | 15.930 | 16.055 | 16.125 | 16.250 | 16.320 |
| Camarilla | 15.946 | 15.964 | 15.982 | 16.000 | 16.018 | 16.036 | 16.054 |
| Woodie | 15.708 | 15.846 | 15.903 | 16.041 | 16.098 | 16.236 | 16.293 |
| Fibonacci | 15.860 | 15.935 | 15.981 | 16.055 | 16.130 | 16.176 | 16.250 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.275 | 16.520 | 16.670 | 16.915 | 17.065 | 17.310 | 17.460 |
| Camarilla | 16.711 | 16.748 | 16.784 | 16.820 | 16.856 | 16.892 | 16.929 |
| Woodie | 16.228 | 16.496 | 16.623 | 16.891 | 17.018 | 17.286 | 17.413 |
| Fibonacci | 16.520 | 16.671 | 16.764 | 16.915 | 17.066 | 17.159 | 17.310 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.700 | 15.275 | 16.125 | 16.700 | 17.550 | 18.125 | 18.975 |
| Camarilla | 16.583 | 16.714 | 16.844 | 16.975 | 17.106 | 17.236 | 17.367 |
| Woodie | 14.838 | 15.344 | 16.263 | 16.769 | 17.688 | 18.194 | 19.113 |
| Fibonacci | 15.275 | 15.819 | 16.156 | 16.700 | 17.244 | 17.581 | 18.125 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.92 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -22.773 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 16.855 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.235 | |
| Elder Ray (13): | -0.693 | |
| Super Trend (3,10): | 16.827 | |
| Zig ZAG (10): | 16.000 | |
| VORTEX (21): | 0.9830 | |
| Stochastique (14,3,5): | 24.24 | |
| TEMA (21): | 16.863 | |
| Williams %R (14): | -98.84 | |
| Chande Momentum Oscillator (20): | -1.150 | |
| Repulse (5,40,3): | -1.3510 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1380 | |
| Courbe Coppock: | 0.35 |
| MA7: | 16.791 | |
| MA20: | 16.848 | |
| MA50: | 16.539 | |
| MA100: | 16.590 | |
| MAexp7: | 16.705 | |
| MAexp20: | 16.747 | |
| MAexp50: | 16.621 | |
| MAexp100: | 16.355 | |
| Price / MA7: | -4.71% | |
| Price / MA20: | -5.03% | |
| Price / MA50: | -3.26% | |
| Price / MA100: | -3.56% | |
| Price / MAexp7: | -4.22% | |
| Price / MAexp20: | -4.46% | |
| Price / MAexp50: | -3.74% | |
| Price / MAexp100: | -2.17% |
Quotes :
-
End-of-day data
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Italy Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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