Capgemini: the decline eases at the double bottom
Capgemini slips 1.6% and retests the double bottom in the 86 area
Capgemini: the decline eases at the double bottom
Our view last week
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.
This week's summary
Capgemini retests the 86 area, the double-bottom level, with a 14% intermediate rebound off the lows. Capgemini shares stay mixed: RSI still under 40, MACD deeply negative, though money flow and momentum are losing some downside pressure. The short, live for 26 weeks, is up more than 34%, with earnings this week adding to the mix.
IQS Phase
69
in tension
Signal Strength
21
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#23 / 56
EU-UK stocks
Trade P&L %
+34.08%
from signal to today
Rank position
ranks 23rd among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 21 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly +0.54% · monthly -3.94%
CAP belongs to the european sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
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