Caisse régionale de Crédit Agricole Stock Forecast

Weaker technical forecast for Caisse régionale de Crédit Agricole as stock downgraded to Hold/Accumulate.
(Updated on May 31, 2024)

CRAV.PA Signals & Forecast

The Caisse régionale de Crédit Agricole stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 92.43€. On a fall, the stock will find some support from the long-term average at approximately 90.57€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -4.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Caisse régionale de Crédit Agricole gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 91.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.96€ (2.13%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: 87.25€ (-5.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (CRAV.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée to open at 92.72€, and during the day (based on 14 day Average True Range), to move between 90.34€ and 93.88€, which gives a possible trading interval of +/-1.77€ (+/-1.93%) 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 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 91.90€ (0.23%) than the resistance at 92.61€ (0.54%), 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 Atlantique Vendée stock A Buy?

Caisse régionale de Crédit Agricole holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.172 Hold/Accumulate Downgraded

Predicted Opening Price for Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée of Monday, June 3, 2024

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