CARREFOUR - 1H - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 14.149 EUR
My targets
15.332 EUR (+4.23%)
15.907 EUR (+8.14%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CARREFOUR. As long as you are above the support located at 14.149 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 15.332 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 15.907 EUR as an objective. Crossing it would then enable buyers to target 16.477 EUR. If the support 14.149 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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Additional analysis
Quotes
The CARREFOUR rating is 14.710 EUR. The price is lower by -0.44% since the last closing with the lowest point at 14.685 EUR and the highest point at 14.895 EUR. The deviation from the price is +0.17% for the low point and -1.24% for the high point.14.685
14.895
14.710
Here is a more detailed summary of the historical variations registered by CARREFOUR:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CARREFOUR in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.490 | 13.704 | 14.149 | 14.710 | 14.729 | 15.332 | 15.907 |
| Change (%) | -8.29% | -6.84% | -3.81% | - | +0.13% | +4.23% | +8.14% |
| Change | -1.220 | -1.006 | -0.561 | - | +0.019 | +0.622 | +1.197 |
| Level | Intermediate | Intermediate | Major | - | Major | 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 | 14.502 | 14.568 | 14.672 | 14.738 | 14.842 | 14.908 | 15.012 |
| Camarilla | 14.728 | 14.744 | 14.759 | 14.775 | 14.791 | 14.806 | 14.822 |
| Woodie | 14.520 | 14.578 | 14.690 | 14.748 | 14.860 | 14.918 | 15.030 |
| Fibonacci | 14.568 | 14.633 | 14.673 | 14.738 | 14.803 | 14.843 | 14.908 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.665 | 13.950 | 14.265 | 14.550 | 14.865 | 15.150 | 15.465 |
| Camarilla | 14.415 | 14.470 | 14.525 | 14.580 | 14.635 | 14.690 | 14.745 |
| Woodie | 13.680 | 13.958 | 14.280 | 14.558 | 14.880 | 15.158 | 15.480 |
| Fibonacci | 13.950 | 14.179 | 14.321 | 14.550 | 14.779 | 14.921 | 15.150 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.282 | 12.843 | 13.712 | 14.273 | 15.142 | 15.703 | 16.572 |
| Camarilla | 14.187 | 14.318 | 14.449 | 14.580 | 14.711 | 14.842 | 14.973 |
| Woodie | 12.435 | 12.920 | 13.865 | 14.350 | 15.295 | 15.780 | 16.725 |
| Fibonacci | 12.843 | 13.390 | 13.727 | 14.273 | 14.820 | 15.157 | 15.703 |
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): | 52.35 | |
| MACD (12,26,9): | 0.0430 | |
| Directional Movement: | 7.468 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 14.770 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.895 | |
| Elder Ray (13): | -0.022 | |
| Super Trend (3,10): | 14.639 | |
| Zig ZAG (10): | 14.715 | |
| VORTEX (21): | 1.1470 | |
| Stochastique (14,3,5): | 51.15 | |
| TEMA (21): | 14.774 | |
| Williams %R (14): | -62.07 | |
| Chande Momentum Oscillator (20): | 0.110 | |
| Repulse (5,40,3): | -0.4450 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0440 | |
| Courbe Coppock: | 1.62 |
| MA7: | 14.629 | |
| MA20: | 14.227 | |
| MA50: | 14.085 | |
| MA100: | 14.508 | |
| MAexp7: | 14.745 | |
| MAexp20: | 14.712 | |
| MAexp50: | 14.622 | |
| MAexp100: | 14.473 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +3.39% | |
| Price / MA50: | +4.44% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.64% |
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:
- 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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