COLRUYT SA (COLR.BR)       26.19  +0.34 (+1.32%)

26.19  +0.34 (+1.32%)

BE0974256852 - Common Stock

Technical Rating

7

We assign a technical rating of 7 out of 10 to COLR. COLR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month COLR has a been trading in the 24.65 - 28.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, COLR turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
COLR is an average performer in the Food & Staples Retailing industry, it outperforms 41% of 12 stocks in the same industry.
COLR is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 2.67% 22.96% 16.40% -31.26% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 41.2 19.71 - 41.02
COLR Weekly chart
COLR Daily chart

Support/Resistance Analysis


23.70

28.15
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 24.65 to 25.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 26.28 to 26.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • A resistance zone ranging from 27.77 to 27.87. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

7

Besides having an excellent technical rating, COLR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 25.94, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
26.4124.641.77 (6.70%)14.92%
An entry @26.41. This is a Buy Stop order right above the resistance zone.An exit @24.64. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.77 points, which is 6.70%.When investing 14.92% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
COLR Daily chart

COLRUYT SA26.19

EBR:COLR (3/29/2023, 7:00:00 PM)+0.34 (+1.32%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood & Staples Retailing
Performance
Today1.32%
1 Week-6.03%
2 Weeks2.55%
1 Month2.67%
3 Month22.96%
6 Month16.4%
Volatility
ATR(14)0.9
ATR(20)%2.88%
ATR Inc-54.05%
Range Today0.29
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.2
Mansfield-0.41
10 Day High28.44
10 Day Low24.65
20 Day High28.44
20 Day Low24.65
52 Week High41.02
52 Week Low19.71
CS1 End25.94
CR1 Start26.28
Volume & EV
DER(3)1.15%
DER(5)1.55%
Volume104.89K
Volume Incr-19.18%
Vol(5)166.49K
Vol(50)170.13K

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