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CARREFOUR
CARREFOUR
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CA
ISIN: FR0000120172

CARREFOUR - 1H - Technical analysis published on 08/11/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 18.023 EUR
My targets
18.535 EUR (+1.59%)
18.720 EUR (+2.60%)
My analysis
CARREFOUR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18.023 EUR. The next resistance located at 18.535 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 18.720 EUR. After this resistance, buyers could then target 19.944 EUR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CARREFOUR price is 18.245 EUR. On the day, this instrument gained +0.25% with the lowest point at 18.105 EUR and the highest point at 18.285 EUR. The deviation from the price is +0.77% for the low point and -0.22% for the high point.

18.105
18.285
18.245

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CARREFOUR in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.376 17.730 18.023 18.245 18.329 18.535 18.720
Change (%) -4.76% -2.82% -1.22% - +0.46% +1.59% +2.60%
Change -0.869 -0.515 -0.222 - +0.084 +0.290 +0.475
Level Major Minor Major - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.03318.08718.14318.19718.25318.30718.363
Camarilla18.17018.18018.19018.20018.21018.22018.230
Woodie18.03518.08818.14518.19818.25518.30818.365
Fibonacci18.08718.12918.15518.19718.23918.26518.307


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.41817.71717.93818.23718.45818.75718.978
Camarilla18.01718.06518.11218.16018.20818.25518.303
Woodie17.38017.69817.90018.21818.42018.73818.940
Fibonacci17.71717.91518.03818.23718.43518.55818.757


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.01715.86317.02717.87319.03719.88321.047
Camarilla17.63717.82218.00618.19018.37418.55918.743
Woodie15.17515.94317.18517.95319.19519.96321.205
Fibonacci15.86316.63117.10617.87318.64119.11619.883

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): 61.57
MACD (12,26,9): 0.0240
Directional Movement: 5.684
AROON (14): 71.428
DEMA (21): 18.214
Parabolic SAR (0,02-0,02-0,2): 18.281
Elder Ray (13): 0.048
Super Trend (3,10): 18.024
Zig ZAG (10): 18.270
VORTEX (21): 1.0370
Stochastique (14,3,5): 77.27
TEMA (21): 18.242
Williams %R (14): -2.27
Chande Momentum Oscillator (20): 0.135
Repulse (5,40,3): 0.5830
ROCnROLL: 1
TRIX (15,9): 0.0140
Courbe Coppock: 0.73
MA7: 18.171
MA20: 17.959
MA50: 17.233
MA100: 17.405
MAexp7: 18.223
MAexp20: 18.187
MAexp50: 18.170
MAexp100: 18.108
Price / MA7: +0.41%
Price / MA20: +1.59%
Price / MA50: +5.87%
Price / MA100: +4.83%
Price / MAexp7: +0.12%
Price / MAexp20: +0.32%
Price / MAexp50: +0.41%
Price / MAexp100: +0.76%

Quotes : - 15 min delayed data - Euronext Paris

News


The last news published on CARREFOUR at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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