Caisse Regionale de Credit Agricole Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Caisse Regionale de Credit Agricole stock price after Friday trading.
(Updated on May 31, 2024)
The Caisse Regionale de Credit Agricole stock price gained 2.26% on the last trading day (Friday, 31st May 2024), rising from 62.49€ to 63.90€. During the last trading day the stock fluctuated 1.43% from a day low at 63.00€ to a day high of 63.90€. The price has risen in 4 of the last 10 days and is up by 2.24% over the past 2 weeks. Volume fell on the last day by -160 shares and in total, 103 shares were bought and sold for approximately 6.58€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.96% during the next 3 months and, with a 90% probability hold a price between 72.68€ and 80.15€ at the end of this 3-month period.
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CRLO.PA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.156%. 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). 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 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 63.24€ and 61.02€. A breakdown below any of these levels will issue sell signals. 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.
Golden Star
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
Caisse Regionale de Credit Agricole finds support from accumulated volume at 62.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.90€ between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.92%
Our recommended stop-loss: 61.63€ (-3.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (CRLO.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA to open at 63.60€, and during the day (based on 14 day Average True Range), to move between 62.51€ and 65.29€, which gives a possible trading interval of +/-1.39€ (+/-2.18%) 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 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 63.99€ (0.14%) than the support at 62.50€ (2.19%), 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?
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 Regionale de Credit Agricole stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.812 Buy Candidate Upgraded
Predicted Opening Price for Caisse Regionale de Credit Agricole Mutuel de la Loire-Haute-Loire SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 63.60€ ( 0.469%) | 63.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRLO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.50 | 0.94 % | |
| R2 | 64.16 | 0.401 % | ||
| R1 | 63.94 | 0.0685 % | ||
| Current price: | 63.90 | |||
| Support | S1 | 63.26 | -1.01 % | |
| S2 | 63.04 | -1.34 % | ||
| S3 | 62.70 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 64.00 | 0.156 % | ||
| R1 | 63.99 | 0.141 % | ||
| Current price | 63.90 | |||
| Support | S1 | 62.50 | -2.19% | |
| S2 | 54.89 | -14.10% | ||
| S3 | 54.50 | -14.71% |
CRLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | 0€ | 0% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | 3.00€ | 5.08% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 3.00€ | 4.76% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 2.70€ | 3.35% |
| 5 | Dec 16, 2020 | Dec 16, 2020 | Dec 16, 2020 | 2.93€ | 3.66% |
FAQ
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