Crédit Agricole S.A. Stock Forecast

Green day on Friday for Crédit Agricole S.A.
(Updated on May 03, 2024)

ACA.PA Signals & Forecast

Mostly positive signals in the chart today. The Crédit Agricole S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 14.57€ and 13.87€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 21.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Crédit Agricole S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 13.02€ and 12.34€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Crédit Agricole S.A. finds support just below today's level at 13.02€. If this is broken, then the next support from accumulated volume will be at 12.34€ and 12.23€.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.460€ (3.11%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.

Our recommended stop-loss: 14.28€ (-3.34%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 55 days ago.)

Trading Expectations (ACA.PA) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Crédit Agricole S.A. to open at 14.92€, and during the day (based on 14 day Average True Range), to move between 14.53€ and 15.01€, which gives a possible trading interval of +/-0.236€ (+/-1.60%) up or down from last closing price. If Crédit Agricole S.A. takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 13.02€, some 1.75€ (11.85%) from the current price of 14.77€, our system finds the risk reward attractive.

Is Crédit Agricole S.A. stock A Buy?

Crédit Agricole S.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.415 Strong Buy Candidate Unchanged

Predicted Opening Price for Crédit Agricole S.A. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.