CASINO GUICHARD - Daily - Technical analysis published on 08/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 3.5853 EUR
My targets
3.2115 EUR (-6.12%)
2.9230 EUR (-14.56%)
My analysis
The bearish trend is currently very strong for CASINO GUICHARD. As long as the price remains below the resistance at 3.5853 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.2115 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.9230 EUR as an objective. Crossing it would then enable sellers to target 2.4435 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
CASINO GUICHARD rating 3.4210 EUR. The price registered an increase of +4.75% on the session and was traded between 3.2650 EUR and 3.4300 EUR over the period. The price is currently at +4.78% from its lowest and -0.26% from its highest.3.2650
3.4300
3.4210
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this CASINO GUICHARD chart shows a sharp bearish trend. 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 market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.4210 | 3.5853 | 39.9200 | 70.9500 |
| Change (%) | - | +4.80% | +1,066.91% | +1,973.95% |
| Change | - | +0.1643 | +36.4990 | +67.5290 |
| Level | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9480 | 3.1030 | 3.1845 | 3.3395 | 3.4210 | 3.5760 | 3.6575 |
| Camarilla | 3.2010 | 3.2226 | 3.2443 | 3.2660 | 3.2877 | 3.3094 | 3.3310 |
| Woodie | 2.9113 | 3.0846 | 3.1478 | 3.3211 | 3.3843 | 3.5576 | 3.6208 |
| Fibonacci | 3.1030 | 3.1933 | 3.2492 | 3.3395 | 3.4298 | 3.4857 | 3.5760 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7915 | 3.0500 | 3.2050 | 3.4635 | 3.6185 | 3.8770 | 4.0320 |
| Camarilla | 3.2463 | 3.2842 | 3.3221 | 3.3600 | 3.3979 | 3.4358 | 3.4737 |
| Woodie | 2.7398 | 3.0241 | 3.1533 | 3.4376 | 3.5668 | 3.8511 | 3.9803 |
| Fibonacci | 3.0500 | 3.2080 | 3.3055 | 3.4635 | 3.6215 | 3.7190 | 3.8770 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4435 | 2.9230 | 3.2115 | 3.6910 | 3.9795 | 4.4590 | 4.7475 |
| Camarilla | 3.2888 | 3.3592 | 3.4296 | 3.5000 | 3.5704 | 3.6408 | 3.7112 |
| Woodie | 2.3480 | 2.8753 | 3.1160 | 3.6433 | 3.8840 | 4.4113 | 4.6520 |
| Fibonacci | 2.9230 | 3.2164 | 3.3976 | 3.6910 | 3.9844 | 4.1656 | 4.4590 |
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): | 40.76 | |
| MACD (12,26,9): | -0.1264 | |
| Directional Movement: | -11.3889 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 3.4165 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.8521 | |
| Elder Ray (13): | -0.1708 | |
| Super Trend (3,10): | 4.0063 | |
| Zig ZAG (10): | 3.3890 | |
| VORTEX (21): | 0.9016 | |
| Stochastique (14,3,5): | 18.34 | |
| TEMA (21): | 3.5076 | |
| Williams %R (14): | -77.85 | |
| Chande Momentum Oscillator (20): | -0.4260 | |
| Repulse (5,40,3): | -4.6920 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1896 | |
| Courbe Coppock: | 20.43 |
| MA7: | 3.4030 | |
| MA20: | 3.6373 | |
| MA50: | 3.6478 | |
| MA100: | 6.9795 | |
| MAexp7: | 3.4201 | |
| MAexp20: | 3.5616 | |
| MAexp50: | 4.8868 | |
| MAexp100: | 15.9419 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | -5.95% | |
| Price / MA50: | -6.22% | |
| Price / MA100: | -50.99% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -3.95% | |
| Price / MAexp50: | -30.00% | |
| Price / MAexp100: | -78.54% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on CASINO GUICHARD at the time of the generation of this analysis was as follows:
- Groupe Casino: Completion of sale of Casino’s stake in GreenYellow
- Groupe Casino : Achats d'actions
- Groupe Casino: Termination of Trinity's temporary suspension of certain of its rights in Casino
- Groupe Casino: Sale of GreenYellow
- Groupe Casino - Nombre de droits de vote et d'actions 30-04-2024 / 06-05-2024
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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