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 05/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

17%

My opinion

Bullish above 15.558 EUR

My targets

16.840 EUR (+3.19%)

17.405 EUR (+6.65%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CARREFOUR. This is a positive signal for buyers. As long as the price remains above 15.558 EUR, a purchase could be considered. The first bullish objective is located at 16.840 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.405 EUR as an objective. Crossing it would then enable buyers to target 18.275 EUR. In the event of a return below 15.558 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

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 rating is 16.320 EUR. The price has increased by +1.62% since the last closing with the lowest point at 16.020 EUR and the highest point at 16.340 EUR. The deviation from the price is +1.87% for the low point and -0.12% for the high point.

16.020

16.340

16.320

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

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 resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.945	15.558	16.275	16.320	16.840	17.405	18.275
Change (%)	-8.43%	-4.67%	-0.28%	-	+3.19%	+6.65%	+11.98%
Change	-1.375	-0.762	-0.045	-	+0.520	+1.085	+1.955
Level	Major	Major	Major	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.730	15.850	15.955	16.075	16.180	16.300	16.405
Camarilla	15.998	16.019	16.039	16.060	16.081	16.101	16.122
Woodie	15.723	15.846	15.948	16.071	16.173	16.296	16.398
Fibonacci	15.850	15.936	15.989	16.075	16.161	16.214	16.300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.932	15.233	15.427	15.728	15.922	16.223	16.417
Camarilla	15.484	15.529	15.575	15.620	15.665	15.711	15.756
Woodie	14.878	15.206	15.373	15.701	15.868	16.196	16.363
Fibonacci	15.233	15.422	15.539	15.728	15.917	16.034	16.223

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.307	14.843	15.317	15.853	16.327	16.863	17.337
Camarilla	15.512	15.605	15.697	15.790	15.883	15.975	16.068
Woodie	14.275	14.828	15.285	15.838	16.295	16.848	17.305
Fibonacci	14.843	15.229	15.468	15.853	16.239	16.478	16.863

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.44
MACD (12,26,9):	0.0450
Directional Movement:	5.697
AROON (14):	-14.285
DEMA (21):	15.920
Parabolic SAR (0,02-0,02-0,2):	15.420
Elder Ray (13):	0.280
Super Trend (3,10):	15.282
Zig ZAG (10):	16.330
VORTEX (21):	0.9700
Stochastique (14,3,5):	67.70
TEMA (21):	15.956
Williams %R (14):	-6.19
Chande Momentum Oscillator (20):	0.225
Repulse (5,40,3):	2.1860
ROCnROLL:	1
TRIX (15,9):	0.0090
Courbe Coppock:	1.19

MA7:	15.844
MA20:	15.839
MA50:	15.796
MA100:	15.929
MAexp7:	15.960
MAexp20:	15.873
MAexp50:	15.860
MAexp100:	16.003
Price / MA7:	+3.00%
Price / MA20:	+3.04%
Price / MA50:	+3.32%
Price / MA100:	+2.45%
Price / MAexp7:	+2.26%
Price / MAexp20:	+2.82%
Price / MAexp50:	+2.90%
Price / MAexp100:	+1.98%

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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