CARREFOUR - Daily - Technical analysis published on 09/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 16.896 EUR
My targets
15.716 EUR (-3.55%)
14.802 EUR (-9.16%)
My analysis
The bearish trend is currently very strong for CARREFOUR. As long as the price remains below the resistance at 16.896 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.716 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.802 EUR as an objective. Crossing it would then enable sellers to target 14.239 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARREFOUR rating is 16.295 EUR. On the day, this instrument lost -0.03% with the lowest point at 16.180 EUR and the highest point at 16.395 EUR. The deviation from the price is +0.71% for the low point and -0.61% for the high point.16.180
16.395
16.295
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CARREFOUR indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.239 | 14.802 | 15.716 | 16.295 | 16.896 | 17.401 | 17.869 |
| Change (%) | -12.62% | -9.16% | -3.55% | - | +3.69% | +6.79% | +9.66% |
| Change | -2.056 | -1.493 | -0.579 | - | +0.601 | +1.106 | +1.574 |
| Level | Intermediate | Minor | Major | - | Major | Major | 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 | 15.738 | 16.017 | 16.158 | 16.437 | 16.578 | 16.857 | 16.998 |
| Camarilla | 16.185 | 16.223 | 16.262 | 16.300 | 16.339 | 16.377 | 16.416 |
| Woodie | 15.670 | 15.983 | 16.090 | 16.403 | 16.510 | 16.823 | 16.930 |
| Fibonacci | 16.017 | 16.177 | 16.276 | 16.437 | 16.597 | 16.696 | 16.857 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.077 | 15.398 | 15.957 | 16.278 | 16.837 | 17.158 | 17.717 |
| Camarilla | 16.273 | 16.354 | 16.434 | 16.515 | 16.596 | 16.676 | 16.757 |
| Woodie | 15.195 | 15.458 | 16.075 | 16.338 | 16.955 | 17.218 | 17.835 |
| Fibonacci | 15.398 | 15.735 | 15.942 | 16.278 | 16.615 | 16.822 | 17.158 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.493 | 15.267 | 15.953 | 16.727 | 17.413 | 18.187 | 18.873 |
| Camarilla | 16.239 | 16.372 | 16.506 | 16.640 | 16.774 | 16.908 | 17.042 |
| Woodie | 14.450 | 15.245 | 15.910 | 16.705 | 17.370 | 18.165 | 18.830 |
| Fibonacci | 15.267 | 15.824 | 16.169 | 16.727 | 17.284 | 17.629 | 18.187 |
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): | 41.36 | |
| MACD (12,26,9): | -0.1270 | |
| Directional Movement: | -11.010 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 16.457 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.903 | |
| Elder Ray (13): | -0.266 | |
| Super Trend (3,10): | 17.104 | |
| Zig ZAG (10): | 16.290 | |
| VORTEX (21): | 0.8070 | |
| Stochastique (14,3,5): | 48.49 | |
| TEMA (21): | 16.438 | |
| Williams %R (14): | -59.43 | |
| Chande Momentum Oscillator (20): | -0.350 | |
| Repulse (5,40,3): | -2.0530 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0920 | |
| Courbe Coppock: | 4.96 |
| MA7: | 16.540 | |
| MA20: | 16.651 | |
| MA50: | 16.766 | |
| MA100: | 17.691 | |
| MAexp7: | 16.486 | |
| MAexp20: | 16.619 | |
| MAexp50: | 16.896 | |
| MAexp100: | 17.214 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | -2.81% | |
| Price / MA100: | -7.89% | |
| Price / MAexp7: | -1.16% | |
| Price / MAexp20: | -1.95% | |
| Price / MAexp50: | -3.56% | |
| Price / MAexp100: | -5.34% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on CARREFOUR at the time of the generation of this analysis was as follows:
- The Centre commits over $800,000 to the Ottawa Food Bank, Carrefour Solidaire Community Food Centre, and the Northern Manitoba Food, Culture, and Community Collaborative
- Carrefour: Information Concerning the Total Number of Voting Rights and Shares, Provided Pursuant to Article L.233-8 II of the Code de commerce (French Commercial Code) and article 223-16 of the Règlement général de l’Autorité des marchés financiers
- Carrefour expands branded Gift Card partnership with Blackhawk Network across its territories
- Carrefour: Information Concerning the Total Number of Voting Rights and Shares, Provided Pursuant to Article L.233-8 II of the Code de commerce (French Commercial Code) and article 223-16 of the Règlement général de l’Autorité des marchés financiers
- Carrefour: Information Concerning the Total Number of Voting Rights and Shares, Provided Pursuant to Article L.233-8 II of the Code de commerce (French Commercial Code) and article 223-16 of the Règlement général de l’Autorité des marchés financiers
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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