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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 10/26/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 16.072 EUR
My targets
16.505 EUR (+1.04%)
16.970 EUR (+3.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CARREFOUR as long as the price remains well above 16.072 EUR. The buyers' bullish objective is set at 16.505 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.970 EUR. If there is any crossing, the next objective would be the resistance located at 17.376 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.7

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 16.335 EUR. The price has increased by +4.61% since the last closing with the lowest point at 16.020 EUR and the highest point at 16.550 EUR. The deviation from the price is +1.97% for the low point and -1.30% for the high point.

16.020
16.550
16.335

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

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:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CARREFOUR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

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 15.722 15.899 16.072 16.335 16.364 16.505 16.970
Change (%) -3.75% -2.67% -1.61% - +0.18% +1.04% +3.89%
Change -0.613 -0.436 -0.263 - +0.029 +0.170 +0.635
Level Minor Intermediate Intermediate - 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
Standard15.01215.24815.43215.66815.85216.08816.272
Camarilla15.50015.53815.57715.61515.65415.69215.731
Woodie14.98515.23515.40515.65515.82516.07516.245
Fibonacci15.24815.40915.50815.66815.82915.92816.088


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.81815.16715.37315.72215.92816.27716.483
Camarilla15.42715.47815.52915.58015.63115.68215.733
Woodie14.74815.13115.30315.68615.85816.24116.413
Fibonacci15.16715.37915.51015.72215.93416.06516.277


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.14515.11515.70016.67017.25518.22518.810
Camarilla15.85716.00016.14316.28516.42816.57016.713
Woodie13.95315.01915.50816.57417.06318.12918.618
Fibonacci15.11515.70916.07616.67017.26417.63118.225

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): 71.60
MACD (12,26,9): 0.1200
Directional Movement: 27.397
AROON (14): 21.428
DEMA (21): 15.998
Parabolic SAR (0,02-0,02-0,2): 15.548
Elder Ray (13): 0.369
Super Trend (3,10): 15.796
Zig ZAG (10): 16.335
VORTEX (21): 1.0510
Stochastique (14,3,5): 76.21
TEMA (21): 16.116
Williams %R (14): -20.19
Chande Momentum Oscillator (20): 0.700
Repulse (5,40,3): 0.4570
ROCnROLL: 1
TRIX (15,9): 0.0310
Courbe Coppock: 3.18
MA7: 15.811
MA20: 15.938
MA50: 16.691
MA100: 17.018
MAexp7: 16.088
MAexp20: 15.878
MAexp50: 15.808
MAexp100: 15.853
Price / MA7: +3.31%
Price / MA20: +2.49%
Price / MA50: -2.13%
Price / MA100: -4.01%
Price / MAexp7: +1.54%
Price / MAexp20: +2.88%
Price / MAexp50: +3.33%
Price / MAexp100: +3.04%

Quotes : - 15 min delayed data - Euronext Paris

News


Don't forget to follow the news on CARREFOUR. At the time of publication of this analysis, the latest news was as follows:

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

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Londinia AI

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