CREDIT AGRICOLE - 1H - Technical analysis published on 08/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
44%
17%
39%
My opinion
Bullish above 12.960 EUR
My targets
13.625 EUR (+3.30%)
14.038 EUR (+6.43%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CREDIT AGRICOLE as long as the price remains well above 12.960 EUR. The buyers' bullish objective is set at 13.625 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.038 EUR. If there is any crossing, the next objective would be the resistance located at 14.365 EUR.
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
2.3
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Additional analysis
Quotes
The CREDIT AGRICOLE rating is 13.190 EUR. The price registered an increase of +0.46% on the session and was traded between 13.130 EUR and 13.245 EUR over the period. The price is currently at +0.46% from its lowest and -0.42% from its highest.13.130
13.245
13.190
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CREDIT AGRICOLE in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 : 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 | 12.400 | 12.740 | 12.960 | 13.190 | 13.212 | 13.625 | 14.038 |
| Change (%) | -5.99% | -3.41% | -1.74% | - | +0.17% | +3.30% | +6.43% |
| Change | -0.790 | -0.450 | -0.230 | - | +0.022 | +0.435 | +0.848 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | 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 | 12.828 | 12.937 | 13.033 | 13.142 | 13.238 | 13.347 | 13.443 |
| Camarilla | 13.074 | 13.092 | 13.111 | 13.130 | 13.149 | 13.168 | 13.186 |
| Woodie | 12.823 | 12.934 | 13.028 | 13.139 | 13.233 | 13.344 | 13.438 |
| Fibonacci | 12.937 | 13.015 | 13.063 | 13.142 | 13.220 | 13.268 | 13.347 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.700 | 12.050 | 12.590 | 12.940 | 13.480 | 13.830 | 14.370 |
| Camarilla | 12.885 | 12.967 | 13.048 | 13.130 | 13.212 | 13.293 | 13.375 |
| Woodie | 11.795 | 12.098 | 12.685 | 12.988 | 13.575 | 13.878 | 14.465 |
| Fibonacci | 12.050 | 12.390 | 12.600 | 12.940 | 13.280 | 13.490 | 13.830 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.072 | 12.493 | 13.262 | 13.683 | 14.452 | 14.873 | 15.642 |
| Camarilla | 13.703 | 13.812 | 13.921 | 14.030 | 14.139 | 14.248 | 14.357 |
| Woodie | 12.245 | 12.580 | 13.435 | 13.770 | 14.625 | 14.960 | 15.815 |
| Fibonacci | 12.493 | 12.948 | 13.229 | 13.683 | 14.138 | 14.419 | 14.873 |
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): | 54.32 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | 5.206 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 13.165 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.022 | |
| Elder Ray (13): | 0.033 | |
| Super Trend (3,10): | 12.997 | |
| Zig ZAG (10): | 13.190 | |
| VORTEX (21): | 1.1050 | |
| Stochastique (14,3,5): | 65.04 | |
| TEMA (21): | 13.194 | |
| Williams %R (14): | -29.27 | |
| Chande Momentum Oscillator (20): | -0.050 | |
| Repulse (5,40,3): | -0.0720 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.28 |
| MA7: | 13.086 | |
| MA20: | 13.619 | |
| MA50: | 13.534 | |
| MA100: | 13.640 | |
| MAexp7: | 13.166 | |
| MAexp20: | 13.145 | |
| MAexp50: | 13.180 | |
| MAexp100: | 13.323 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | -3.15% | |
| Price / MA50: | -2.54% | |
| Price / MA100: | -3.30% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | -1.00% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on CREDIT AGRICOLE at the time of the generation of this analysis was as follows:
- CREDIT AGRICOLE SA: Results second quarter and first half 2024 - Continued performance of the universal banking model
- Crédit Agricole Immobilier and Nexity enter into exclusive negotiations in view of the acquisition of Nexity Property Management by Crédit Agricole Immobilier
- Credit Agricole Sa: Reduction of Resources to the Liquidity Contract With Kepler Cheuvreux
- CREDIT AGRICOLE SA: Indosuez Wealth Management, a subsidiary of Crédit Agricole S.A., finalises the acquisition of Degroof Petercam, of which it becomes majority shareholder alongside CLdN Cobelfret, its historical shareholder
- CREDIT AGRICOLE SA: 2024 CAPITAL INCREASE RESERVED FOR EMPLOYEES OF THE CRÉDIT AGRICOLE GROUP
This member declared not having a position on this financial instrument or a related financial instrument.
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