Caisse régionale de Crédit Agricole Stock Forecast

Caisse régionale de Crédit Agricole stock price ended at 96.39€ on Thursday, after gaining 1.77%.
(Updated on May 09, 2024)

CRAV.PA Signals & Forecast

Mostly positive signals in the chart today. The Caisse régionale de Crédit Agricole 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 93.91€ and 85.06€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 31.61%. 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). 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.

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

Caisse régionale de Crédit Agricole finds support from accumulated volume at 93.00€ 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 0.700€ between high and low, or 0.732%. For the last week, the stock has had daily average volatility of 2.49%.

The Caisse régionale de Crédit Agricole stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 93.34€ (-3.16%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (CRAV.PA) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée to open at 96.16€, and during the day (based on 14 day Average True Range), to move between 94.45€ and 98.33€, which gives a possible trading interval of +/-1.94€ (+/-2.01%) up or down from last closing price. If Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 93.00€, some 3.39€ (3.52%) from the current price of 96.39€, our system finds the risk reward attractive.

Is Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée 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 Caisse régionale de Crédit Agricole stock to perform well in the short-term.

Current score: 4.395 Buy Candidate Unchanged

Predicted Opening Price for Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée of Friday, May 10, 2024

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