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 04/16/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 15.822 EUR

My targets

15.590 EUR (-0.61%)

15.380 EUR (-1.94%)

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 15.822 EUR. The next support located at 15.590 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 15.380 EUR. Below this support, sellers could then target 15.265 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

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CARREFOUR rating 15.685 EUR. The price registered a decrease of -0.16% on the session and was traded between 15.600 EUR and 15.735 EUR over the period. The price is currently at +0.54% from its lowest and -0.32% from its highest.

15.600

15.735

15.685

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CARREFOUR in 1H shows a overall strongly bearish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.380	15.590	15.680	15.685	15.822	16.020	16.275
Change (%)	-1.94%	-0.61%	-0.03%	-	+0.87%	+2.14%	+3.76%
Change	-0.305	-0.095	-0.005	-	+0.137	+0.335	+0.590
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.033	15.247	15.478	15.692	15.923	16.137	16.368
Camarilla	15.588	15.628	15.669	15.710	15.751	15.792	15.832
Woodie	15.043	15.251	15.488	15.696	15.933	16.141	16.378
Fibonacci	15.247	15.417	15.522	15.692	15.862	15.967	16.137

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.818	15.222	15.538	15.942	16.258	16.662	16.978
Camarilla	15.657	15.723	15.789	15.855	15.921	15.987	16.053
Woodie	14.775	15.200	15.495	15.920	16.215	16.640	16.935
Fibonacci	15.222	15.497	15.667	15.942	16.217	16.387	16.662

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.352	14.808	15.342	15.798	16.332	16.788	17.322
Camarilla	15.603	15.694	15.784	15.875	15.966	16.057	16.147
Woodie	14.390	14.828	15.380	15.818	16.370	16.808	17.360
Fibonacci	14.808	15.187	15.420	15.798	16.177	16.410	16.788

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):	39.26
MACD (12,26,9):	-0.0600
Directional Movement:	-24.516
AROON (14):	-42.857
DEMA (21):	15.730
Parabolic SAR (0,02-0,02-0,2):	15.860
Elder Ray (13):	-0.103
Super Trend (3,10):	15.970
Zig ZAG (10):	15.690
VORTEX (21):	0.9520
Stochastique (14,3,5):	43.01
TEMA (21):	15.693
Williams %R (14):	-54.90
Chande Momentum Oscillator (20):	-0.180
Repulse (5,40,3):	0.3070
ROCnROLL:	2
TRIX (15,9):	-0.0460
Courbe Coppock:	1.89

MA7:	15.866
MA20:	15.855
MA50:	15.690
MA100:	16.144
MAexp7:	15.732
MAexp20:	15.802
MAexp50:	15.861
MAexp100:	15.870
Price / MA7:	-1.14%
Price / MA20:	-1.07%
Price / MA50:	-0.03%
Price / MA100:	-2.84%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.74%
Price / MAexp50:	-1.11%
Price / MAexp100:	-1.17%

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.

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