Carrefour Stock Rebounds Nearly 2%, Among Top Gainers in CAC 40

A Rebound of Nearly 2% Mitigates a Weekly Decline of Over 5%

Carrefour's stock gains 1.74% to €15.82 at the opening, while the CAC 40 drops 0.14%. The stock ranks among the highest gains in the index, behind STMicroelectronics. However, this rebound should be put into perspective: over the past week, the stock has lost 5.41%, weighed down notably by a perception downgrade in mid-June that had caused the stock to plunge by 5.5%. Over a month, the decline reaches 8.42%. However, the annual performance remains strong, at over 24%, and the price maintains a comfortable margin of 8.13% above its 200-day moving average (€14.63), a long-term trend marker preserved despite the recent correction.

Fragile Technical Setup Below Short-Term Moving Averages, €15.43 Support on Watch

Today's rebound occurs after testing the support at €15.43, a level that acts as a cushion in the recent low zone. The stock remains below its 20-day moving average (€16.20, a gap of -2.35%) and its 50-day MA (€16.61, a gap of -4.76%), maintaining a degraded short-term configuration. The RSI at 37 reflects the selling fatigue of recent sessions without indicating a clear oversold condition. Based on the expected earnings per share, the stock is priced at about 9 times the earnings for the current fiscal year according to the consensus of surveyed analysts, a multiple that places the retailer within a contained valuation range. Reconquering the 20-day MA at €16.20 would constitute the next observable milestone to confirm the rebound attempt.