CREDIT AGRICOLE

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ACA
ISIN:	FR0000045072

CREDIT AGRICOLE - 1H - Technical analysis published on 08/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 13.212 EUR

My targets

12.740 EUR (-3.01%)

12.400 EUR (-5.60%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 13.212 EUR remains possible. It is advisable to trade CREDIT AGRICOLE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 13.212 EUR. The next bearish objective for sellers is set at 12.740 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.400 EUR. In case of crossing, the next objective would be the support located at 11.754 EUR. PS: if there is a bullish break in the resistance located at 13.212 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.4

Comment on the analysis

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.

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Additional analysis

Quotes

The CREDIT AGRICOLE price is 13.135 EUR. On the day, this instrument gained +2.14% and was traded between 12.955 EUR and 13.165 EUR over the period. The price is currently at +1.39% from its lowest and -0.23% from its highest.

12.955

13.165

13.135

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CREDIT AGRICOLE indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

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 resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.754	12.400	12.740	13.135	13.212	13.625	14.038
Change (%)	-10.51%	-5.60%	-3.01%	-	+0.59%	+3.73%	+6.87%
Change	-1.381	-0.735	-0.395	-	+0.077	+0.490	+0.903
Level	Minor	Major	Major	-	Intermediate	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	12.207	12.473	12.667	12.933	13.127	13.393	13.587
Camarilla	12.734	12.776	12.818	12.860	12.902	12.944	12.987
Woodie	12.170	12.455	12.630	12.915	13.090	13.375	13.550
Fibonacci	12.473	12.649	12.758	12.933	13.109	13.218	13.393

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.178	12.052	12.618	13.492	14.058	14.932	15.498
Camarilla	12.789	12.921	13.053	13.185	13.317	13.449	13.581
Woodie	11.025	11.975	12.465	13.415	13.905	14.855	15.345
Fibonacci	12.052	12.602	12.942	13.492	14.042	14.382	14.932

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.32
MACD (12,26,9):	-0.1180
Directional Movement:	7.677
AROON (14):	28.571
DEMA (21):	12.778
Parabolic SAR (0,02-0,02-0,2):	12.791
Elder Ray (13):	0.145
Super Trend (3,10):	13.246
Zig ZAG (10):	13.125
VORTEX (21):	0.9240
Stochastique (14,3,5):	57.58
TEMA (21):	12.838
Williams %R (14):	-11.82
Chande Momentum Oscillator (20):	0.375
Repulse (5,40,3):	1.0880
ROCnROLL:	-1
TRIX (15,9):	-0.2050
Courbe Coppock:	1.44

MA7:	13.439
MA20:	13.681
MA50:	13.637
MA100:	13.615
MAexp7:	12.929
MAexp20:	12.967
MAexp50:	13.254
MAexp100:	13.467
Price / MA7:	-2.26%
Price / MA20:	-3.99%
Price / MA50:	-3.68%
Price / MA100:	-3.53%
Price / MAexp7:	+1.59%
Price / MAexp20:	+1.30%
Price / MAexp50:	-0.90%
Price / MAexp100:	-2.47%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on CREDIT AGRICOLE. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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