Sell signal, week 13
Legrand bounces 3.7% but money flow doesn't confirm the rebound
Our view last week
After the 6.7% rebound two weeks ago and last week's pause, Legrand gives ground again: -4.3% this week, with sellers dominating 91% of volume and price action still showing distribution underway. ADX keeps sliding, a sign the trend is losing conviction even as the decline picks up pace again. The Sell signal remains in profit.
This week's summary
Legrand bounces 3.7% after last week's decline, with buyers back in control of 80% of volume, reversing the 91% seller dominance of seven days ago. Money flow doesn't follow the price though: CMF keeps sliding, negative for 10 weeks straight, while the daily chart still shows a sequence of lower highs, from the 144 area down to 137. The sell signal remains in profit.
IQS Phase
71
in tension
Signal Strength
10
decline fading out
Sizing
MINIMUM
Ranking
#29 / 51
EU-UK stocks
Trade P&L %
+3.02%
from signal to date, no stop loss
Rank position
ranks 29th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 10 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +0.71% · monthly +4.40%
LR belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content