Caisse Regionale de Credit Agricole Stock Forecast

Weaker technical forecast for Caisse Regionale de Credit Agricole as stock downgraded to Hold/Accumulate.
(Updated on May 09, 2024)

CRLO.PA Signals & Forecast

The Caisse Regionale de Credit 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 61.71€ and 57.33€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 18.58%. 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 Regionale de Credit 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. The stock had a Golden Star Signal on Friday, March 22, 2024 in the short-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 Regionale de Credit Agricole stock

On the downside, the stock finds support just below today's level from accumulated volume at 57.00€ and 54.89€. 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 Regionale de Credit Agricole finds support just below today's level at 57.00€. If this is broken, then the next support from accumulated volume will be at 54.89€ and 54.50€.

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 1.44€ between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 2.41%.

The Caisse Regionale de Credit Agricole stock is extremely overbought on RSI14 (93). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 60.41€ (-4.77%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)

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

For the upcoming trading day on Friday, 10th we expect Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA to open at 62.96€, and during the day (based on 14 day Average True Range), to move between 62.00€ and 64.88€, which gives a possible trading interval of +/-1.44€ (+/-2.26%) 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 4.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 57.00€, some 6.44€ (10.15%) from the current price of 63.44€, our system finds the risk reward attractive.

Is Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA stock A Buy?

Caisse Regionale de Credit Agricole holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA of Friday, May 10, 2024

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