Carrefour's Stock Climbs Nearly 2%, Leading the CAC 40

Carrefour's Share Price Increases by 2.19% to €16.33

Carrefour's stock has risen 2.19% to €16.33, up from €15.98 the previous day. The stock is among the top gainers in the CAC 40, even as the index falls by 0.18% to 8,229.32 points during the session. This movement contrasts with the general trend in Paris, where several technology and industrial stocks have declined significantly. Over the month, the retailer's stock has fallen by 2.77%, but it still holds a gain of 7.29% over three months and 26.25% over a year. The day's context remains marked by the bond operation concluded this week: Carrefour finalized on Wednesday the buyback of €200 million in bonds due in 2027 and 2028, alongside a placement of €750 million due in 2034. This debt profile management operation has no mechanical effect on the stock price, but it is part of the group's financial trajectory.

Rebound Faces Short-Term Moving Averages, with the MM200 Providing Support

Despite today's rise, the price remains below the MM20 (€16.72) and the MM50 (€16.51), with respective gaps of 2.33% and 1.09%. These two short-term benchmarks form a technical ceiling that the stock has not yet managed to break through. However, today's rebound is supported by a much lower MM200 at €14.43, which is 13.17% below the current price: a cushion that maintains the underlying bullish trend. The RSI at 40 remains neutral, in a zone that does not indicate either overselling or an exhausted technical rebound. Based on the consensus of analysts surveyed, the stock is trading at about 9.2 times the expected earnings for the current fiscal year, with an estimated EPS growth of 6.3% year-over-year. The resistance identified at €17.46 remains the next benchmark to watch to validate a breakout from the current technical corridor.