CA Technical Analysis - CARREFOUR SA

Technical Rating and Analysis

Overall CA gets a technical rating of 7 out of 10. Although CA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, CA is a bad performer in the overall market: 74% of all stocks are doing better.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month CA has a been trading in the 11.95 - 13.37 range, which is quite wide. It is currently trading near the high of this range.

CA has an average volume of 2510420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CA is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 57% of 22 stocks in the same industry.

CA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CA is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CA has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.62

16.57

When analyzing the support we can see 4 important areas.

A support zone ranging from 12.63 to 13.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @12.30 from a horizontal line in the daily time frame.
Support @12.05 from a horizontal line in the daily time frame.
A support zone ranging from 11.74 to 11.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @13.72 from a trend line in the weekly time frame.
Resistance @16.41 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for CA.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CA.PA is up.
ChartMill Relative Strength	26.48	NEGATIVE	CA.PA has a low relative strength, it was outperformed by 73.52% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CA.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CA.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CA.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	71.17	OVERBOUGHT	The high RSI value suggests CA.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests CA.PA has a positive trend.
Stochastics (14,3)	93.26	OVERBOUGHT	The high Stochastics value suggests CA.PA may be overbought.
Average True Range in percent/ATR (20)	1.67	LOW VOLATILITY	The low ATR as a percentage value for CA.PA suggests low volalility.
Average Directional Index/ADX (14)	20.04	NEUTRAL	The ADX value for CA.PA suggests a possible start of a new trend.