Carrefour Stock: Approaching Resistance After Over 2% Increase on Monday
Carrefour's stock saw a significant increase this Monday, February 23, 2026, rising by 2.16% to €15.64. The French retailer's stock is now close to a major technical threshold, amid revised target prices by two major investment banks.
Adjustments by Financial Institutions
Two financial institutions adjusted their targets on Carrefour this Monday. Jefferies raised its target from €14.00 to €14.50, while maintaining a 'hold' recommendation. This target remains below the current price of €15.64, suggesting a potential downside of about 7.3% according to the American bank. Meanwhile, Goldman Sachs increased its target from €15.00 to €16.00, maintaining a neutral stance. This target is slightly above today's price, implying a limited upside potential of about 2.3%. These upward revisions reflect the recent trajectory of the stock, which has shown a performance of 20.45% over three months and 27.22% over a year, without indicating strong enthusiasm from analysts.
Technical Analysis for Today's Session
From a technical standpoint, today's session has placed Carrefour directly at its identified resistance of €15.66, a level the stock has yet to surpass. A confirmed breach of this level could pave the way for further progression, while a failure to break through could signal a pause in momentum. The bullish trend is further supported by the moving averages: the price is significantly above the 50-day moving average at €14.33 and the 200-day moving average at €13.24, confirming a well-established upward trend in the medium and long term. The RSI stands at 71, placing the stock in an overbought zone, a territory that generally indicates that the recent rise has been rapid and might require a consolidation phase. This RSI level, combined with the proximity to resistance, outlines a scenario where the continuation of the upward movement will depend on the stock's ability to permanently break through the current technical ceiling.
