Capgemini, the decline retests the 86 area
Capgemini bounces 2.7% but the decline still holds the 86 area
Capgemini, the decline retests the 86 area
Our view last week
Last week's bounce in Capgemini has already stalled: shares dropped 3.2% and slipped back to retest the double-bottom level near 86, with sellers back in control after a week that was almost entirely buy-side. This week's technical analysis shows a picture still mixed — RSI around 35, MACD at its lowest point in four weeks — while the short, open for 25 weeks, remains up more than 34%.
This week's summary
Capgemini shares retested the 86 area, the double-bottom level, with a second 2.7% bounce after last week's drop: buyers took back control, 62% of volume. The technical picture stays mixed, though — RSI still under 40, MACD deeply negative — while the short, live for 25 weeks, remains up more than 33%, with earnings on July 30 now two weeks away.
IQS Phase
80
in tension / maturity
Signal Strength
17
decline losing steam
Sizing
MINIMUM
Ranking
#28 / 53
EU-UK stocks
Trade P&L %
+33.03%
from signal to today
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