Caisse Regionale de Credit Agricole Stock Forecast

Caisse Regionale de Credit Agricole stock downgraded to Hold/Accumulate
(Updated on May 17, 2024)

CRLO.PA Signals & Forecast

The Caisse Regionale de Credit 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 63.60€. On a fall, the stock will find some support from the long-term average at approximately 58.67€. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen -2.34%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 2.96€ between high and low, or 4.85%. For the last week the stock has had daily average volatility of 2.24%.

Our recommended stop-loss: 60.19€ (-3.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (CRLO.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA to open at 62.51€, and during the day (based on 14 day Average True Range), to move between 61.05€ and 63.95€, which gives a possible trading interval of +/-1.45€ (+/-2.32%) 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 4.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 63.44€ (1.50%) than the support at 57.00€ (8.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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: -0.587 Hold/Accumulate Downgraded

Predicted Opening Price for Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA of Monday, May 20, 2024

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