CAR Technical Analysis - CARREFOUR SA

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to CAR. Although CAR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

80% of all other stocks performed better in the past year than CAR.

Warning: CAR has an average volume of 9106 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

In the last month CAR has a been trading in the 12.04 - 13.41 range, which is quite wide. It is currently trading near the high of this range.

CAR is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 50% of 23 stocks in the same industry.

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

Although CAR has an excellent technical rating, it does not present a decent entry opportunity 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

11.58

16.58

4 important support areas can be observed.

A support zone ranging from 12.87 to 13.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @12.31 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 11.70 to 11.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

Resistance @13.68 from a trend line in the weekly time frame.
Resistance @14.10 from a trend line in the weekly time frame.
Resistance @16.42 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 CAR.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CAR.DE is up.
ChartMill Relative Strength	20.38	NEGATIVE	CAR.DE has a low relative strength, it was outperformed by 79.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CAR.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CAR.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CAR.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	72.7	OVERBOUGHT	The high RSI value suggests CAR.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests CAR.DE has a positive trend.
Stochastics (14,3)	97.52	OVERBOUGHT	The high Stochastics value suggests CAR.DE may be overbought.
Average True Range in percent/ATR (20)	1.3	LOW VOLATILITY	The low ATR as a percentage value for CAR.DE suggests low volalility.
Average Directional Index/ADX (14)	24.62	NEUTRAL	The ADX value for CAR.DE suggests a possible start of a new trend.