Caisse Regionale de Credit Agricole Stock Forecast

Red day on Tuesday for Caisse Regionale de Credit Agricole stock after losing 0%
(Updated on Jul 02, 2024)

CRLO.PA Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Caisse Regionale de Credit Agricole stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 59.81€ and 62.29€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -9.16%. 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).

Support, Risk & Stop-loss for Caisse Regionale de Credit Agricole stock

Caisse Regionale de Credit Agricole finds support from accumulated volume at 57.88€ 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 1.30€ between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 1.22%.

Caisse Regionale de Credit Agricole is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CRLO.PA) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA to open at 59.07€, and during the day (based on 14 day Average True Range), to move between 58.32€ and 60.68€, which gives a possible trading interval of +/-1.18€ (+/-1.98%) up or down from last closing price. If Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 57.88€ (2.72%) than the resistance at 62.20€ (4.54%), 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 Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA stock A Buy?

The Caisse Regionale de Credit Agricole stock holds several negative signals and despite the positive trend, we believe Caisse Regionale de Credit Agricole will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.517 Sell Candidate Unchanged

Predicted Opening Price for Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA of Wednesday, July 3, 2024

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