CARREFOUR - 1H - Technical analysis published on 02/28/2024 (GMT)
- 113
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
50%
6%
44%
My opinion
Neutral between 15.741 EUR and 16.105 EUR
My targets
-
My analysis
The short-term decline on CARREFOUR remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 15.741 EUR. The first resistance is located at 16.105 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARREFOUR rating is 15.925 EUR. The price registered a decrease of -0.09% on the session and was between 15.885 EUR and 16.100 EUR. This implies that the price is at +0.25% from its lowest and at -1.09% from its highest.15.885
16.100
15.925
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 1H chart of CARREFOUR indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.557 | 15.741 | 15.917 | 15.925 | 16.105 | 16.260 | 16.465 |
| Change (%) | -2.31% | -1.16% | -0.05% | - | +1.13% | +2.10% | +3.39% |
| Change | -0.368 | -0.184 | -0.008 | - | +0.180 | +0.335 | +0.540 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.562 | 15.653 | 15.797 | 15.888 | 16.032 | 16.123 | 16.267 |
| Camarilla | 15.875 | 15.897 | 15.919 | 15.940 | 15.962 | 15.983 | 16.005 |
| Woodie | 15.588 | 15.666 | 15.823 | 15.901 | 16.058 | 16.136 | 16.293 |
| Fibonacci | 15.653 | 15.743 | 15.799 | 15.888 | 15.978 | 16.034 | 16.123 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.927 | 14.518 | 15.467 | 16.058 | 17.007 | 17.598 | 18.547 |
| Camarilla | 15.992 | 16.133 | 16.274 | 16.415 | 16.556 | 16.697 | 16.839 |
| Woodie | 14.105 | 14.608 | 15.645 | 16.148 | 17.185 | 17.688 | 18.725 |
| Fibonacci | 14.518 | 15.107 | 15.470 | 16.058 | 16.647 | 17.010 | 17.598 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.927 | 14.723 | 15.272 | 16.068 | 16.617 | 17.413 | 17.962 |
| Camarilla | 15.450 | 15.573 | 15.697 | 15.820 | 15.943 | 16.067 | 16.190 |
| Woodie | 13.803 | 14.661 | 15.148 | 16.006 | 16.493 | 17.351 | 17.838 |
| Fibonacci | 14.723 | 15.237 | 15.555 | 16.068 | 16.582 | 16.900 | 17.413 |
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): | 47.50 | |
| MACD (12,26,9): | -0.0350 | |
| Directional Movement: | 2.221 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 15.910 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.833 | |
| Elder Ray (13): | -0.006 | |
| Super Trend (3,10): | 16.108 | |
| Zig ZAG (10): | 15.940 | |
| VORTEX (21): | 0.9150 | |
| Stochastique (14,3,5): | 59.72 | |
| TEMA (21): | 15.880 | |
| Williams %R (14): | -48.61 | |
| Chande Momentum Oscillator (20): | 0.075 | |
| Repulse (5,40,3): | -0.1830 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0590 | |
| Courbe Coppock: | 1.12 |
| MA7: | 16.076 | |
| MA20: | 15.598 | |
| MA50: | 16.049 | |
| MA100: | 16.384 | |
| MAexp7: | 15.949 | |
| MAexp20: | 15.966 | |
| MAexp50: | 15.956 | |
| MAexp100: | 15.824 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | +2.10% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -2.80% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | +0.64% |
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:
- Carrefour and MoneyGram Join Forces to Broaden Financial Service Offerings to Carrefour Customers
- First Store in Yilan City, Taiwan! 2ND STREET TAIWAN CO., LTD. to Open an Eighteenth Store in Taiwan, 2nd STREET Carrefour Yilan Store, on March 17, 2023
- The Centre commits over $800,000 to the Ottawa Food Bank, Carrefour Solidaire Community Food Centre, and the Northern Manitoba Food, Culture, and Community Collaborative
- Carrefour: Information Concerning the Total Number of Voting Rights and Shares, Provided Pursuant to Article L.233-8 II of the Code de commerce (French Commercial Code) and article 223-16 of the Règlement général de l’Autorité des marchés financiers
- Carrefour expands branded Gift Card partnership with Blackhawk Network across its territories
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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