Crédit Agricole S.A. Stock Forecast
Crédit Agricole S.A. stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The Crédit Agricole S.A. stock price fell by -0.99% on the last day (Tuesday, 2nd Jul 2024) from 13.10€ to 12.97€. During the last trading day the stock fluctuated 1.32% from a day low at 12.92€ to a day high of 13.09€. The price has fallen in 7 of the last 10 days and is down by -0.57% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 6 million shares were bought and sold for approximately 82.58€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 12.71€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.09% during the next 3 months and, with a 90% probability hold a price between 11.93€ and 14.57€ at the end of this 3-month period.
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ACA.PA Signals & Forecast
There are mixed signals in the stock today. The Crédit Agricole S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 13.02€ and 14.28€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 1.81%. 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).
Support, Risk & Stop-loss for Crédit Agricole S.A. stock
Crédit Agricole S.A. finds support from accumulated volume at 12.96€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.170€ between high and low, or 1.32%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACA.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Crédit Agricole S.A. to open at 12.99€, and during the day (based on 14 day Average True Range), to move between 12.63€ and 13.31€, which gives a possible trading interval of +/-0.336€ (+/-2.59%) 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 5.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 12.96€ (0.08%) than the resistance at 13.04€ (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crédit Agricole S.A. stock A Buy?
Crédit Agricole S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.584 Sell Candidate Downgraded
Predicted Opening Price for Crédit Agricole S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 12.99€ ( 0.154%) | 12.97€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACA.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.16 | 1.46% |
| R2 | 13.10 | 0.96% |
| R1 | 13.05 | 0.655% |
| Price | 12.97 | |
| S1 | 12.93 | -0.346% |
| S2 | 12.88 | -0.656% |
| S3 | 12.82 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.74 | 13.65% |
| R2 | 14.12 | 8.83% |
| R1 | 13.04 | 0.501% |
| Price | 12.97 | |
| S1 | 12.96 | -0.0771% |
| S2 | 12.93 | -0.308% |
| S3 | 12.74 | -1.77% |
ACA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 31, 2024 | 1.05€ | 7.03% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 1.05€ | 9.78% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 1.05€ | 10.14% |
| 4 | May 18, 2021 | May 18, 2021 | May 18, 2021 | 0.80€ | 6.43% |
| 5 | Feb 14, 2019 | May 24, 2019 | May 28, 2019 | 0.690€ | 6.69% |
FAQ
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