Caisse Régionale de Crédit Agricole Stock Forecast

Green day on Friday for Caisse Régionale de Crédit Agricole stock after gaining 0.254%
(Updated on May 31, 2024)

CRBP2.PA Signals & Forecast

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 19.46€ and 18.64€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 16.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, April 17, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

On the downside, the stock finds support just below today's level from accumulated volume at 18.00€ and 17.96€. 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, Caisse Régionale de Crédit Agricole finds support just below today's level at 18.00€. If this is broken, then the next support from accumulated volume will be at 17.96€ and 17.86€.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.298€ between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.47%

Our recommended stop-loss: 19.11€ (-3.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 82 days ago.)

Trading Expectations (CRBP2.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 Brie Picardie to open at 19.60€, and during the day (based on 14 day Average True Range), to move between 19.49€ and 19.91€, which gives a possible trading interval of +/-0.213€ (+/-1.08%) up or down from last closing price. If Caisse Régionale de Crédit Agricole Mutuel Brie Picardie takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 18.00€, some 1.70€ (8.63%) from the current price of 19.70€, our system finds the risk reward attractive.

Is Caisse Régionale de Crédit Agricole Mutuel Brie Picardie 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: 3.964 Buy Candidate Unchanged

Predicted Opening Price for Caisse Régionale de Crédit Agricole Mutuel Brie Picardie of Monday, June 3, 2024

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