Carrefour Shares Drop Nearly 2% and Fall Below its 50-Day Moving Average, Lagging Behind on the CAC 40

The Retailer Trails the CAC 40 Despite an Annual Performance of Over 33%

Carrefour stock loses 1.77% to €16.34, lagging at the end of the CAC 40 while the index edges up by 0.11%. The stock suffers from a session dominated by luxury values, with Kering, Hermès, and LVMH occupying the top three spots of the Parisian index. This decline follows a marked rebound phase that began in early July, with a 3.5% gain on July 7 following an upgrade by an Anglo-Saxon brokerage firm. Over the year, the retailer still shows a progression of 33.32%, but has eroded by 2.27% over the month. The session on Tuesday, July 14, served as the basis for today's decline, starting from a closing at €16.64.

The Price Falls Below its 50-Day Moving Average of €16.49, While Support at €15.43 Remains Distant

The stock has fallen below its 50-day moving average, located at €16.49, a threshold it had just regained last week. However, the price still maintains above the MM20 (€16.21) and still shows a cushion of more than 9% above the MM200 (€14.97), indicating that the medium-term underlying trend is not questioned. The RSI at 55 indicates a neutral configuration, without excess in either direction. Based on the consensus of analysts surveyed, the stock is priced at about 9.4 times the earnings of the current fiscal year, with an expected EPS growth of 7.7% at the following horizon. The next technical marker in case of an extended decline is the support at €15.43.