CREDIT AGRICOLE SA Stock Forecast
Green day on Friday for CREDIT AGRICOLE SA
(Updated on May 03, 2024)
The CREDIT AGRICOLE SA stock price gained 1.16% on the last trading day (Friday, 3rd May 2024), rising from $7.79 to $7.88. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.90% from a day low at $7.88 to a day high of $8.03. The price has risen in 8 of the last 10 days and is up by 6.49% over the past 2 weeks. Volume fell on the last day by -139 thousand shares and in total, 110 thousand shares were bought and sold for approximately $870.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.20% during the next 3 months and, with a 90% probability hold a price between $8.80 and $9.48 at the end of this 3-month period.
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CRARY Signals & Forecast
The CREDIT AGRICOLE SA 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 $7.77 and $7.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.60%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CREDIT AGRICOLE SA stock
On the downside, the stock finds support just below today's level from accumulated volume at $7.19 and $7.00. 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, CREDIT AGRICOLE SA finds support just below today's level at $7.19. If this is broken, then the next support from accumulated volume will be at $7.00 and $6.74.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.20%.
The CREDIT AGRICOLE SA stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: $7.61 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (CRARY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CREDIT AGRICOLE SA to open at $7.93, and during the day (based on 14 day Average True Range), to move between $7.76 and $8.00, which gives a possible trading interval of +/-$0.117 (+/-1.48%) up or down from last closing price. If CREDIT AGRICOLE SA takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $7.19, some $0.690 (8.76%) from the current price of $7.88, our system finds the risk reward attractive.
Earnings coming up
CREDIT AGRICOLE SA will release earnings -- on Wednesday, May 08, 2024. We will update the financials statements for CREDIT AGRICOLE SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.78% in the first trading day after earnings release.
Is CREDIT AGRICOLE SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CREDIT AGRICOLE SA stock to perform well in the short-term.
Current score: 4.629 Buy Candidate Unchanged
Predicted Opening Price for CREDIT AGRICOLE SA of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$7.93 ( 0.635%) | $7.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRARY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.08 | 2.54 % | |
R2 | 8.02 | 1.81 % | ||
R1 | 7.99 | 1.36 % | ||
Current price: | 7.88 | |||
Support | S1 | 7.87 | -0.0926 % | |
S2 | 7.84 | -0.542 % | ||
S3 | 7.78 | -1.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 7.88 | |||
Support | S1 | 7.19 | -8.76% | |
S2 | 7.00 | -11.17% | ||
S3 | 6.74 | -14.47% |
CRARY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2023 | May 25, 2023 | Jun 16, 2023 | $0.578 | 9.83% |
2 | May 26, 2022 | May 26, 2022 | Jun 16, 2022 | $0.554 | 11.91% |
3 | May 07, 2021 | May 14, 2021 | Jun 24, 2021 | $0.483 | 6.84% |
4 | May 22, 2019 | May 22, 2019 | Jun 12, 2019 | $0.388 | 6.68% |
5 | May 18, 2018 | May 18, 2018 | Jun 08, 2018 | $0.390 | 5.61% |
FAQ
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