Buy signal · week 9 · European-UK stocks
Capgemini gains 4.2% and prints a 30-week high the weekly close fails to confirm
Our view last week
Capgemini's price action has stalled: the week closes at +0.1%, with a small-bodied bar and buying below 25% of volume, the second in a row where sellers dominate to an extreme. Technical analysis of Capgemini stock shows a rally losing steam: the MACD holds above its Signal line, but the histogram has been falling for 4 weeks. Among weekly buy signals, it keeps 2nd place of the 41 open on European-UK stocks, with the trade at +1.95%.
This week's summary
Capgemini is moving again: after last week's standstill the stock gained 4.2% and printed a new 30-week high in the 116 area, though the weekly close did not confirm it. Price action stays capped by the 200-day moving average, in the 109 area. Technical analysis of Capgemini stock is improving: the MACD histogram is rising again after 4 weeks of decline. Among weekly buy signals on European-UK stocks it holds 2nd place of 29, with the trade at +6.24%.
IQS Phase
42
ordinary
Signal Strength
83
high · wide move
Sizing
FULL
Ranking
#2 / 29
EU-UK stocks in progress
Trade P&L %
+6.24%
from signal to date, no stop loss
Capgemini (CAP) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 2nd among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 83 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV3
Sector regimein positive regime
Performanceweekly +5.44% · monthly +7.36%
CAP belongs to the european sector (reference ETF EXV3). The sector is classified in positive regime according to our weekly reading.
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