CARREFOUR - 1H - Technical analysis published on 01/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 16.445 EUR
My targets
16.180 EUR (-0.98%)
15.895 EUR (-2.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CARREFOUR as long as the price remains well below 16.445 EUR. The sellers' bearish objective is set at 16.180 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.895 EUR. In case of crossing, the next objective would be the support located at 15.557 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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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 price is 16.340 EUR. The price registered a decrease of -0.67% on the session with the lowest point at 16.080 EUR and the highest point at 16.375 EUR. The deviation from the price is +1.62% for the low point and -0.21% for the high point.16.080
16.375
16.340
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CARREFOUR chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 15.895 | 16.180 | 16.260 | 16.340 | 16.445 | 16.506 | 16.634 |
| Change (%) | -2.72% | -0.98% | -0.49% | - | +0.64% | +1.02% | +1.80% |
| Change | -0.445 | -0.160 | -0.080 | - | +0.105 | +0.166 | +0.294 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.237 | 16.343 | 16.397 | 16.503 | 16.557 | 16.663 | 16.717 |
| Camarilla | 16.406 | 16.421 | 16.435 | 16.450 | 16.465 | 16.479 | 16.494 |
| Woodie | 16.210 | 16.330 | 16.370 | 16.490 | 16.530 | 16.650 | 16.690 |
| Fibonacci | 16.343 | 16.405 | 16.442 | 16.503 | 16.565 | 16.602 | 16.663 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.858 | 16.082 | 16.283 | 16.507 | 16.708 | 16.932 | 17.133 |
| Camarilla | 16.368 | 16.407 | 16.446 | 16.485 | 16.524 | 16.563 | 16.602 |
| Woodie | 15.848 | 16.076 | 16.273 | 16.501 | 16.698 | 16.926 | 17.123 |
| Fibonacci | 16.082 | 16.244 | 16.344 | 16.507 | 16.669 | 16.769 | 16.932 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.552 | 15.328 | 15.947 | 16.723 | 17.342 | 18.118 | 18.737 |
| Camarilla | 16.181 | 16.309 | 16.437 | 16.565 | 16.693 | 16.821 | 16.949 |
| Woodie | 14.473 | 15.289 | 15.868 | 16.684 | 17.263 | 18.079 | 18.658 |
| Fibonacci | 15.328 | 15.861 | 16.190 | 16.723 | 17.256 | 17.585 | 18.118 |
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): | 42.62 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -16.435 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 16.353 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.411 | |
| Elder Ray (13): | -0.054 | |
| Super Trend (3,10): | 16.426 | |
| Zig ZAG (10): | 16.340 | |
| VORTEX (21): | 0.8510 | |
| Stochastique (14,3,5): | 47.22 | |
| TEMA (21): | 16.305 | |
| Williams %R (14): | -52.83 | |
| Chande Momentum Oscillator (20): | -0.190 | |
| Repulse (5,40,3): | 0.0530 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0310 | |
| Courbe Coppock: | 3.18 |
| MA7: | 16.481 | |
| MA20: | 16.570 | |
| MA50: | 16.887 | |
| MA100: | 16.706 | |
| MAexp7: | 16.340 | |
| MAexp20: | 16.420 | |
| MAexp50: | 16.484 | |
| MAexp100: | 16.541 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -1.39% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | -2.19% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -1.22% |
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:
- Carrefour and MoneyGram Join Forces to Broaden Financial Service Offerings to Carrefour Customers
- First Store in Yilan City, Taiwan! 2ND STREET TAIWAN CO., LTD. to Open an Eighteenth Store in Taiwan, 2nd STREET Carrefour Yilan Store, on March 17, 2023
- 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
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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