Carrefour stock breaks below its 15.60 € support and erases its rebound

The 15.60 € support broken, the stock below its three moving averages

Carrefour stock loses 2.01% to 15.59 € during trading, after closing at 15.91 € the previous day. The session is marked by a notable technical breakthrough: the stock has broken its 15.60 € support to the downside and remains anchored there, confirming the selling pressure from the morning. This break is part of a deteriorating configuration, with the stock trading below its three moving averages. The 20-day MA is at 16.41 €, representing a gap of 5.00% above the current price, while the 50-day MA at 16.09 € represents a gap of 3.11%.

Even the 200-day MA at 15.78 €, though the closest, exceeds the price by 1.20%. The RSI at 42, at a neutral level but trending downward for several weeks, does not yet indicate frank oversold conditions. The 16.81 € resistance remains distant: a return to this level would require a rebound of approximately 7.8% from the current price.

A decline of 2% for the week in a market under budget pressure

Today's decline brings Carrefour's weekly performance to -3.56% over seven days, erasing virtually all of the rebound gained at the end of September, when the stock was among the strongest gainers in the CAC 40. Over one month, performance remains close to breakeven (-0.54%), but short-term momentum has reversed. The CAC 40 for its part declines 1.13% during trading, penalized notably by banking and industrial stocks in a tense context: the yield on French ten-year debt reached 4.86%, its highest level in more than a decade, while the 2027 budget plans are being examined today in the Council of Ministers amid political uncertainty.

On the fundamental side, at the publication of first-half 2026 results (July 23, 2026), the group had confirmed its annual targets, including an operating margin improvement of more than 25 basis points and a savings plan of 1 billion euros, with 490 million already achieved. According to the analyst consensus recorded, the stock trades at approximately 9.0 times current fiscal year earnings and 8.3 times next fiscal year earnings, with expected earnings per share growth of 8.2% year-over-year. The next technical benchmark to monitor is the 200-day MA at 15.78 €, barely 19 cents above the current price.