CREDIT AGRICOLE SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for CREDIT AGRICOLE SA stock after gaining 0.91%
(Updated on May 01, 2024)
The CREDIT AGRICOLE SA stock price gained 0.91% on the last trading day (Wednesday, 1st May 2024), rising from $7.71 to $7.78. During the last trading day the stock fluctuated 1.95% from a day low at $7.69 to a day high of $7.84. The price has risen in 8 of the last 10 days and is up by 7.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 147 thousand shares were bought and sold for approximately $1.14 million.
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 16.84% during the next 3 months and, with a 90% probability hold a price between $8.64 and $9.30 at the end of this 3-month period.
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CRARY Signals & Forecast
Mostly positive signals in the chart today. 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 $7.72 and $7.40. 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 8.21%. 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). CREDIT AGRICOLE SA 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. Higher liquidity also reduces the general risk.
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 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 $0.150 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: $7.46 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CRARY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CREDIT AGRICOLE SA to open at $7.77, and during the day (based on 14 day Average True Range), to move between $7.67 and $7.89, which gives a possible trading interval of +/-$0.111 (+/-1.42%) up or down from last closing price. If CREDIT AGRICOLE SA takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $7.19, some $0.590 (7.58%) from the current price of $7.78, 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: 3.840 Buy Candidate Unchanged
Predicted Opening Price for CREDIT AGRICOLE SA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $7.77 ( 0.129%) | $7.78 |
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 | 7.92 | 1.80 % | |
| R2 | 7.86 | 1.06 % | ||
| R1 | 7.83 | 0.608 % | ||
| Current price: | 7.78 | |||
| Support | S1 | 7.71 | -0.87 % | |
| S2 | 7.68 | -1.32 % | ||
| S3 | 7.62 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.78 | |||
| Support | S1 | 7.19 | -7.58% | |
| S2 | 7.00 | -10.03% | ||
| S3 | 6.74 | -13.37% |
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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