Sell signal, week 5 · EU-UK stocks
Saint-Gobain drops 3.9% to a new 90-day low as last week's bounce fades
Our view last week
After 6 straight losing weeks, Saint-Gobain closed this one up 1%, but the bounce lacks conviction: buying stayed below 25% of volume in the weekly bar and the price action points to strong distribution. On Saint-Gobain stock the sell signal is in week 4, and signal strength, at its maximum last week, now describes a decline losing steam, with price pinned near its lows.
This week's summary
Last week's bounce lasted just one week: Saint-Gobain fell 3.9% and set a new 90-day low, confirmed by the weekly close. Saint-Gobain stock stays below its 50-week average and under the Ichimoku cloud, with the MACD histogram falling for 7 weeks and money flow ever more negative. In our technical analysis the sell signal stands and the price action stays bearish; the one counterweight is a daily RSI at 30.8, close to oversold.
IQS Phase
65
ordinary
Signal Strength
31
decline starting to make lower lows
Sizing
REDUCED
Ranking
#45 / 89
EU-UK stocks
Trade P&L %
+11.45%
from signal to date, no stop loss
Compagnie de Saint-Gobain (SGO) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 45th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 31 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimeweak phase
Performanceweekly -0.03% · monthly +0.15%
SGO belongs to the european sector (reference ETF EXH4). The sector is classified weak phase according to our weekly reading.
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