CASINO GUICHARD - 1H - Technical analysis published on 06/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.398 EUR
My targets
5.625 EUR (+3.40%)
6.027 EUR (+10.78%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CASINO GUICHARD as long as the price remains well above 5.398 EUR. The buyers' bullish objective is set at 5.625 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.027 EUR. If there is any crossing, the next objective would be the resistance located at 6.813 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 5.625 EUR. On this resistance, against the trend traders who would like to go short on CASINO GUICHARD with a bearish signal from their trading strategy, should not hesitate to act.
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
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CASINO GUICHARD rating 5.440 EUR. The price has increased by +5.43% since the last closing and was traded between 5.045 EUR and 5.550 EUR over the period. The price is currently at +7.83% from its lowest and -1.98% from its highest.5.045
5.550
5.440
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CASINO GUICHARD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this CASINO GUICHARD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.770 | 5.072 | 5.440 | 5.625 | 6.813 | 7.575 |
| Change (%) | -12.32% | -6.76% | - | +3.40% | +25.24% | +39.25% |
| Change | -0.670 | -0.368 | - | +0.185 | +1.373 | +2.135 |
| Level | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 4.720 | 4.814 | 4.987 | 5.081 | 5.254 | 5.348 | 5.521 |
| Camarilla | 5.087 | 5.111 | 5.136 | 5.160 | 5.185 | 5.209 | 5.233 |
| Woodie | 4.760 | 4.834 | 5.027 | 5.101 | 5.294 | 5.368 | 5.561 |
| Fibonacci | 4.814 | 4.916 | 4.979 | 5.081 | 5.183 | 5.246 | 5.348 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.807 | 3.788 | 4.417 | 5.398 | 6.027 | 7.008 | 7.637 |
| Camarilla | 4.602 | 4.750 | 4.897 | 5.045 | 5.193 | 5.340 | 5.488 |
| Woodie | 2.630 | 3.700 | 4.240 | 5.310 | 5.850 | 6.920 | 7.460 |
| Fibonacci | 3.788 | 4.403 | 4.783 | 5.398 | 6.013 | 6.393 | 7.008 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.305 | 3.410 | 4.490 | 6.595 | 7.675 | 9.780 | 10.860 |
| Camarilla | 4.694 | 4.986 | 5.278 | 5.570 | 5.862 | 6.154 | 6.446 |
| Woodie | 0.793 | 3.154 | 3.978 | 6.339 | 7.163 | 9.524 | 10.348 |
| Fibonacci | 3.410 | 4.627 | 5.378 | 6.595 | 7.812 | 8.563 | 9.780 |
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): | 62.48 | |
| MACD (12,26,9): | 0.0370 | |
| Directional Movement: | 21.680 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 5.174 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.901 | |
| Elder Ray (13): | 0.188 | |
| Super Trend (3,10): | 4.991 | |
| Zig ZAG (10): | 5.395 | |
| VORTEX (21): | 1.1820 | |
| Stochastique (14,3,5): | 70.15 | |
| TEMA (21): | 5.320 | |
| Williams %R (14): | -24.14 | |
| Chande Momentum Oscillator (20): | 0.395 | |
| Repulse (5,40,3): | 2.9180 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0820 | |
| Courbe Coppock: | 10.35 |
| MA7: | 5.285 | |
| MA20: | 6.225 | |
| MA50: | 6.533 | |
| MA100: | 8.457 | |
| MAexp7: | 5.278 | |
| MAexp20: | 5.165 | |
| MAexp50: | 5.312 | |
| MAexp100: | 5.673 | |
| Price / MA7: | +2.93% | |
| Price / MA20: | -12.61% | |
| Price / MA50: | -16.73% | |
| Price / MA100: | -35.67% | |
| Price / MAexp7: | +3.07% | |
| Price / MAexp20: | +5.32% | |
| Price / MAexp50: | +2.41% | |
| Price / MAexp100: | -4.11% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on CASINO GUICHARD. At the time of publication of this analysis, the latest news was as follows:
- Groupe Casino : Groupement Les Mousquetaires and Casino group sign a protocol to extend the scope of their partnerships and optimize their respective networks
- Groupe Casino - Nombre de droits de vote et d'actions au 30-04-2023
- Groupe Casino : Casino General Meeting of 10 May 2023: Summary report and Casino Group reaction to market rumors
- Casino Group: first-quarter 2023
- Groupe Casino : Proposal by EP Global Commerce a.s. for capital increases for an aggregate amount of EUR 1.1 billion Solicitation of consents from certain creditors and bondholders of the Casino Group
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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