CARREFOUR

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CA
ISIN:	FR0000120172

CARREFOUR - Daily - Technical analysis published on 09/08/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 16.896 EUR

My targets

15.716 EUR (-4.72%)

14.804 EUR (-10.25%)

My analysis

CARREFOUR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 16.896 EUR. The next support located at 15.716 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.804 EUR. Below this support, sellers could then target 14.239 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

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.

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Additional analysis

Quotes

The CARREFOUR price is 16.495 EUR. The price registered an increase of +2.20% on the session and was between 16.280 EUR and 16.560 EUR. This implies that the price is at +1.32% from its lowest and at -0.39% from its highest.

16.280

16.560

16.495

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CARREFOUR:

The Central Records scanner for higher/lower results shows an item:

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 strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.239	14.804	15.716	16.495	16.896	17.401	17.869
Change (%)	-13.68%	-10.25%	-4.72%	-	+2.43%	+5.49%	+8.33%
Change	-2.256	-1.691	-0.779	-	+0.401	+0.906	+1.374
Level	Intermediate	Minor	Major	-	Major	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	15.133	15.427	15.783	16.077	16.433	16.727	17.083
Camarilla	15.961	16.021	16.080	16.140	16.200	16.259	16.319
Woodie	15.165	15.443	15.815	16.093	16.465	16.743	17.115
Fibonacci	15.427	15.675	15.828	16.077	16.325	16.478	16.727

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.543	15.932	16.243	16.632	16.943	17.332	17.643
Camarilla	16.363	16.427	16.491	16.555	16.619	16.683	16.748
Woodie	15.505	15.913	16.205	16.613	16.905	17.313	17.605
Fibonacci	15.932	16.199	16.364	16.632	16.899	17.064	17.332

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.493	15.267	15.953	16.727	17.413	18.187	18.873
Camarilla	16.239	16.372	16.506	16.640	16.774	16.908	17.042
Woodie	14.450	15.245	15.910	16.705	17.370	18.165	18.830
Fibonacci	15.267	15.824	16.169	16.727	17.284	17.629	18.187

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):	43.87
MACD (12,26,9):	-0.1670
Directional Movement:	-13.493
AROON (14):	-92.857
DEMA (21):	16.497
Parabolic SAR (0,02-0,02-0,2):	16.830
Elder Ray (13):	-0.176
Super Trend (3,10):	17.104
Zig ZAG (10):	16.485
VORTEX (21):	0.8660
Stochastique (14,3,5):	27.34
TEMA (21):	16.435
Williams %R (14):	-53.66
Chande Momentum Oscillator (20):	-0.600
Repulse (5,40,3):	1.8420
ROCnROLL:	2
TRIX (15,9):	-0.0680
Courbe Coppock:	8.81

MA7:	16.444
MA20:	16.863
MA50:	16.808
MA100:	17.860
MAexp7:	16.462
MAexp20:	16.687
MAexp50:	16.991
MAexp100:	17.298
Price / MA7:	+0.31%
Price / MA20:	-2.18%
Price / MA50:	-1.86%
Price / MA100:	-7.64%
Price / MAexp7:	+0.20%
Price / MAexp20:	-1.15%
Price / MAexp50:	-2.92%
Price / MAexp100:	-4.64%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on CARREFOUR at the time of the analysis were as follows:

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

About author

Londinia AI

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