Carrefour Stock Hits Unprecedented High of €16.63 as CAC 40 Declines

Market Resilience Amidst Geopolitical Tensions

During Monday's session, Carrefour reached €16.63, surpassing its previous two-year high of €16.63 set in 2024. The stock is moving counter to the Parisian market, which is penalized by tensions in the Middle East, with the CAC 40 falling by 1.01%. The SBF 120 is down by similar margins. This resilience is part of a marked upward trend: the stock has gained 2.53% over seven days and 16.61% over three months. Technically, the stock is above the upper Bollinger band limit (€16.48), indicating a potential overbought signal. The RSI, at 67, is approaching the overheating zone without crossing it. These indicators suggest strong buying pressure but also call for vigilance for potential short-term fatigue. The next resistance level is at the last close of €16.36, which has now been significantly exceeded. An important upcoming financial event is the announcement of the Q1 2026 revenue on April 22, which will be a significant test to confirm or adjust the recent trajectory of the stock.

Structural Momentum Underpins Recent Gains

Carrefour's rise in recent months is based on a structural dynamic. The stock is significantly above its main moving averages: the MM50 is at €15.37 and the MM200 at €13.60, representing a gap of nearly 22% between the current price and this latter long-term reference. This setup reflects a well-established upward trend over several quarters. The stock's beta, negative at -0.08, shows an almost total decorrelation with the movements of the Paris index, which partly explains the retailer's ability to withstand sessions of widespread declines. In the consumer sector, other major capitalizations are faltering this Monday: L'Oréal is down 1.24% and Unilever 1.79% in session. The diverging paths between Carrefour and these values underline the retailer's distinct positioning in the current environment.