Caisse Régionale de Crédit Agricole Stock Forecast

Caisse Régionale de Crédit Agricole stock price up 0.0155% on Wednesday
(Updated on Jun 26, 2024)

CAF.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 5.68%. Further rise is indicated until a new top pivot has been found. Caisse Régionale de Crédit Agricole has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Caisse Régionale de Crédit Agricole stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 66.04€. On a fall, the stock will find some support from the short-term average at 63.68€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Caisse Régionale de Crédit Agricole stock

Caisse Régionale de Crédit Agricole finds support from accumulated volume at 64.30€ 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€ between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CAF.PA) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France to open at 64.57€, and during the day (based on 14 day Average True Range), to move between 63.47€ and 65.67€, which gives a possible trading interval of +/-1.10€ (+/-1.71%) up or down from last closing price. If Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 64.30€ (0.42%) than the resistance at 65.70€ (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France stock A Buy?

Caisse Régionale de Crédit Agricole 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.

Current score: -2.332 Sell Candidate Unchanged

Predicted Opening Price for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France of Thursday, June 27, 2024

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