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 12/23/2024 (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

33%

44%

22%

My opinion

Bearish under 13.712 EUR

My targets

13.380 EUR (-0.67%)

13.200 EUR (-2.00%)

My analysis

The bearish trend is currently very strong for CARREFOUR. As long as the price remains below the resistance at 13.712 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.380 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.200 EUR as an objective. Crossing it would then enable sellers to target 12.840 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

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 13.470 EUR. The price is lower by -0.04% since the last closing and was traded between 13.460 EUR and 13.525 EUR over the period. The price is currently at +0.07% from its lowest and -0.41% from its highest.

13.460

13.525

13.470

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CARREFOUR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.840	13.200	13.380	13.470	13.712	13.967	14.102
Change (%)	-4.68%	-2.00%	-0.67%	-	+1.80%	+3.69%	+4.69%
Change	-0.630	-0.270	-0.090	-	+0.242	+0.497	+0.632
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.205	13.285	13.380	13.460	13.555	13.635	13.730
Camarilla	13.427	13.443	13.459	13.475	13.491	13.507	13.523
Woodie	13.213	13.289	13.388	13.464	13.563	13.639	13.738
Fibonacci	13.285	13.352	13.393	13.460	13.527	13.568	13.635

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.552	12.958	13.217	13.623	13.882	14.288	14.547
Camarilla	13.292	13.353	13.414	13.475	13.536	13.597	13.658
Woodie	12.478	12.921	13.143	13.586	13.808	14.251	14.473
Fibonacci	12.958	13.212	13.369	13.623	13.877	14.034	14.288

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.723	13.507	13.953	14.737	15.183	15.967	16.413
Camarilla	14.062	14.175	14.287	14.400	14.513	14.626	14.738
Woodie	12.555	13.423	13.785	14.653	15.015	15.883	16.245
Fibonacci	13.507	13.977	14.267	14.737	15.207	15.497	15.967

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):	40.41
MACD (12,26,9):	-0.0770
Directional Movement:	-17.237
AROON (14):	-78.571
DEMA (21):	13.433
Parabolic SAR (0,02-0,02-0,2):	13.501
Elder Ray (13):	-0.042
Super Trend (3,10):	13.608
Zig ZAG (10):	13.475
VORTEX (21):	0.9020
Stochastique (14,3,5):	30.19
TEMA (21):	13.425
Williams %R (14):	-58.49
Chande Momentum Oscillator (20):	-0.100
Repulse (5,40,3):	0.3050
ROCnROLL:	2
TRIX (15,9):	-0.0820
Courbe Coppock:	2.55

MA7:	13.779
MA20:	14.067
MA50:	14.505
MA100:	14.653
MAexp7:	13.466
MAexp20:	13.537
MAexp50:	13.681
MAexp100:	13.847
Price / MA7:	-2.24%
Price / MA20:	-4.24%
Price / MA50:	-7.14%
Price / MA100:	-8.07%
Price / MAexp7:	+0.03%
Price / MAexp20:	-0.49%
Price / MAexp50:	-1.54%
Price / MAexp100:	-2.72%

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:

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

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