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$CA (Carrefour) Price Analysis
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Let's analyze Carrefour together

Penke

I guess you are interested in Carrefour. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Carrefour’s Price Targets

I'm going to help you getting a better view of Carrefour. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Carrefour
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Carrefour. The general trend of Carrefour is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Carrefour's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Carrefour Price Targets

1.1 sr

Score

Let's take a look at the sr of Carrefour.

  • The price is trading between support and resistance lines.
Carrefour Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Carrefour.

  • The SHORT shows weakening trend behaviour.
  • Price action is supported by the SHORT.
  • The SHORT is leading the MEDIUM, indicating positive trend alignment.
  • The SHORT is leading the INTER, indicating positive trend alignment.
  • The SHORT is leading the LONG, indicating positive trend alignment.
  • The MEDIUM shows a strengthening upward trend.
  • Price action is supported by the MEDIUM.
  • The MEDIUM is leading the INTER, indicating positive trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows a strengthening upward trend.
  • Price action is supported by the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is supported by the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Carrefour Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Carrefour.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Carrefour.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Carrefour Daily macd ChartCarrefour Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Carrefour.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Directional bias is mildly bullish, but overall trend conditions remain weak and lack clear conviction.
Carrefour Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Carrefour.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Carrefour Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Carrefour. The current phase is Continuation in bull market.

  • Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Momentum is improving as buying interest gradually strengthens.
Carrefour Daily rsi ChartCarrefour Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Carrefour. The current phase is Correction in bull market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Carrefour.
  • Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.
Carrefour Daily stoch ChartCarrefour Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Carrefour.

Carrefour Daily cci ChartCarrefour Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Carrefour.

  • Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.
Carrefour Daily cmo ChartCarrefour Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Carrefour.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Carrefour Daily willr ChartCarrefour Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Carrefour.

Carrefour Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Carrefour.

Carrefour Daily atr ChartCarrefour Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Carrefour.

Carrefour Daily obv ChartCarrefour Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Carrefour.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
Carrefour Daily mfi ChartCarrefour Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Carrefour.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Carrefour Daily Candlestick Chart
DateCandlestick Pattern
Penke

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