CARREFOUR

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CA
ISIN:	FR0000120172

CARREFOUR - Weekly - Technical analysis published on 09/02/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

33%

44%

My opinion

Bullish above 14.700 EUR

My targets

16.776 EUR (+4.85%)

17.717 EUR (+10.73%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CARREFOUR. As long as you are above the support located at 14.700 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 16.776 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 17.717 EUR as an objective. Crossing it would then enable buyers to target 19.660 EUR. If the support 14.700 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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. The price is lower by -4.93% over the 5 days and has been traded over the last 5 days between 15.985 EUR and 16.975 EUR. This implies that the 5 day price is +0.09% from its lowest point and -5.74% from its highest point.

15.985

16.975

16.000

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of CARREFOUR indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.255	13.123	15.700	16.000	16.776	17.717	19.660
Change (%)	-23.41%	-17.98%	-1.88%	-	+4.85%	+10.73%	+22.88%
Change	-3.745	-2.877	-0.300	-	+0.776	+1.717	+3.660
Level	Minor	Major	Major	-	Intermediate	Major	Minor

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.92
MACD (12,26,9):	0.3440
Directional Movement:	4.628
AROON (14):	-42.857
DEMA (21):	16.833
Parabolic SAR (0,02-0,02-0,2):	15.567
Elder Ray (13):	0.007
Super Trend (3,10):	15.452
Zig ZAG (10):	16.000
VORTEX (21):	1.0310
Stochastique (14,3,5):	57.43
TEMA (21):	16.760
Williams %R (14):	-80.44
Chande Momentum Oscillator (20):	-1.150
Repulse (5,40,3):	-6.7330
ROCnROLL:	-1
TRIX (15,9):	0.4380
Courbe Coppock:	1.20

MA7:	16.791
MA20:	16.848
MA50:	16.539
MA100:	16.590
MAexp7:	16.521
MAexp20:	16.310
MAexp50:	15.641
MAexp100:	15.488
Price / MA7:	-4.71%
Price / MA20:	-5.03%
Price / MA50:	-3.26%
Price / MA100:	-3.56%
Price / MAexp7:	-3.15%
Price / MAexp20:	-1.90%
Price / MAexp50:	+2.30%
Price / MAexp100:	+3.31%

Quotes : - End-of-day data - Italy Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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