CREDIT AGRICOLE - 1H - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 13.792 EUR
My targets
14.040 EUR (+1.19%)
14.460 EUR (+4.22%)
My analysis
The strong short-term increase for CREDIT AGRICOLE reinforces the current slightly bullish trend. As long as the price remains above 13.792 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 14.040 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.460 EUR as an objective. Crossing it would then enable buyers to target 14.560 EUR. A return to 13.792 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CREDIT AGRICOLE rating 13.875 EUR. The price has increased by +0.69% since the last closing with the lowest point at 13.745 EUR and the highest point at 13.905 EUR. The deviation from the price is +0.95% for the low point and -0.22% for the high point.13.745
13.905
13.875
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CREDIT AGRICOLE chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 13.485 | 13.625 | 13.792 | 13.875 | 14.040 | 14.460 | 14.560 |
| Change (%) | -2.81% | -1.80% | -0.60% | - | +1.19% | +4.22% | +4.94% |
| Change | -0.390 | -0.250 | -0.083 | - | +0.165 | +0.585 | +0.685 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 13.502 | 13.573 | 13.677 | 13.748 | 13.852 | 13.923 | 14.027 |
| Camarilla | 13.732 | 13.748 | 13.764 | 13.780 | 13.796 | 13.812 | 13.828 |
| Woodie | 13.518 | 13.581 | 13.693 | 13.756 | 13.868 | 13.931 | 14.043 |
| Fibonacci | 13.573 | 13.640 | 13.682 | 13.748 | 13.815 | 13.857 | 13.923 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.857 | 13.113 | 13.362 | 13.618 | 13.867 | 14.123 | 14.372 |
| Camarilla | 13.471 | 13.517 | 13.564 | 13.610 | 13.656 | 13.703 | 13.749 |
| Woodie | 12.853 | 13.111 | 13.358 | 13.616 | 13.863 | 14.121 | 14.368 |
| Fibonacci | 13.113 | 13.306 | 13.425 | 13.618 | 13.811 | 13.930 | 14.123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.345 | 12.955 | 13.340 | 13.950 | 14.335 | 14.945 | 15.330 |
| Camarilla | 13.451 | 13.543 | 13.634 | 13.725 | 13.816 | 13.907 | 13.999 |
| Woodie | 12.233 | 12.899 | 13.228 | 13.894 | 14.223 | 14.889 | 15.218 |
| Fibonacci | 12.955 | 13.335 | 13.570 | 13.950 | 14.330 | 14.565 | 14.945 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.38 | |
| MACD (12,26,9): | 0.0490 | |
| Directional Movement: | 9.550 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 13.731 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.689 | |
| Elder Ray (13): | 0.078 | |
| Super Trend (3,10): | 13.559 | |
| Zig ZAG (10): | 13.780 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 87.85 | |
| TEMA (21): | 13.795 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.110 | |
| Repulse (5,40,3): | 0.0650 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0330 | |
| Courbe Coppock: | 3.03 |
| MA7: | 13.687 | |
| MA20: | 14.007 | |
| MA50: | 13.782 | |
| MA100: | 13.801 | |
| MAexp7: | 13.747 | |
| MAexp20: | 13.680 | |
| MAexp50: | 13.681 | |
| MAexp100: | 13.782 | |
| Price / MA7: | +1.37% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.43% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +0.67% |
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: Crédit Agricole S.A. launches a Share Repurchase Program for up to 15,128,677 ordinary shares of the Company
- Crédit Agricole Assurances announces the launch of tender offers for two series of undated subordinated notes and its intention to issue Tier 2 subordinated notes
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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