CREDIT AGRICOLE - 1H - Technical analysis published on 11/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 13.475 EUR
My targets
13.020 EUR (-1.85%)
12.900 EUR (-2.75%)
My analysis
There is a bearish trend on CREDIT AGRICOLE both at the basic level and in the short term. A sale could be considered, so long as the price remains below 13.475 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 13.020 EUR. Then the price could move towards 12.900 EUR. Then 12.753 EUR by extension. Be careful, a return to above the resistance 13.475 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CREDIT AGRICOLE price is 13.265 EUR. On the day, this instrument lost -0.04% and was between 13.105 EUR and 13.330 EUR. This implies that the price is at +1.22% from its lowest and at -0.49% from its highest.13.105
13.330
13.265
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CREDIT AGRICOLE chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.900 | 13.020 | 13.212 | 13.265 | 13.475 | 13.761 | 14.034 |
| Change (%) | -2.75% | -1.85% | -0.40% | - | +1.58% | +3.74% | +5.80% |
| Change | -0.365 | -0.245 | -0.053 | - | +0.210 | +0.496 | +0.769 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.055 | 13.160 | 13.215 | 13.320 | 13.375 | 13.480 | 13.535 |
| Camarilla | 13.226 | 13.241 | 13.255 | 13.270 | 13.285 | 13.299 | 13.314 |
| Woodie | 13.030 | 13.148 | 13.190 | 13.308 | 13.350 | 13.468 | 13.510 |
| Fibonacci | 13.160 | 13.221 | 13.259 | 13.320 | 13.381 | 13.419 | 13.480 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.490 | 12.695 | 12.985 | 13.190 | 13.480 | 13.685 | 13.975 |
| Camarilla | 13.139 | 13.184 | 13.230 | 13.275 | 13.320 | 13.366 | 13.411 |
| Woodie | 12.533 | 12.716 | 13.028 | 13.211 | 13.523 | 13.706 | 14.018 |
| Fibonacci | 12.695 | 12.884 | 13.001 | 13.190 | 13.379 | 13.496 | 13.685 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.453 | 12.912 | 13.498 | 13.957 | 14.543 | 15.002 | 15.588 |
| Camarilla | 13.798 | 13.893 | 13.989 | 14.085 | 14.181 | 14.277 | 14.372 |
| Woodie | 12.518 | 12.944 | 13.563 | 13.989 | 14.608 | 15.034 | 15.653 |
| Fibonacci | 12.912 | 13.311 | 13.558 | 13.957 | 14.356 | 14.603 | 15.002 |
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): | 45.77 | |
| MACD (12,26,9): | -0.0190 | |
| Directional Movement: | -11.842 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 13.279 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.340 | |
| Elder Ray (13): | -0.044 | |
| Super Trend (3,10): | 13.402 | |
| Zig ZAG (10): | 13.255 | |
| VORTEX (21): | 0.8810 | |
| Stochastique (14,3,5): | 36.98 | |
| TEMA (21): | 13.245 | |
| Williams %R (14): | -53.13 | |
| Chande Momentum Oscillator (20): | -0.140 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.57 |
| MA7: | 13.244 | |
| MA20: | 13.617 | |
| MA50: | 13.849 | |
| MA100: | 13.776 | |
| MAexp7: | 13.256 | |
| MAexp20: | 13.294 | |
| MAexp50: | 13.303 | |
| MAexp100: | 13.388 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -2.59% | |
| Price / MA50: | -4.22% | |
| Price / MA100: | -3.71% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.92% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on CREDIT AGRICOLE at the time of the analysis were as follows:
- Crédit Agricole Assurances announces the launch of an accelerated bookbuilding offering in Française des Jeux shares
- Crédit Agricole Assurances: Steady growth across all our business lines
- CREDIT AGRICOLE SA : Crédit Agricole Immobilier announces the closing of the acquisition of Nexity Property Management and becomes the leader of Property Management in France
- Credit Agricole Sa: Crédit Agricole Personal Finance & Mobility takes a stake in GAC Leasing to support the growth of GAC Group sales in China
- CREDIT AGRICOLE SA: Crédit Agricole S.A. launches a Share Repurchase Program for up to 15,128,677 ordinary shares of the Company
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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