Sell signal under management, 12th week
Legrand drops 4.3% as sellers retake control of the week
Our view last week
Legrand's Sell signal has been under management for 10 weeks, with the short up 2.29%. After last week's 6.7% rebound, this week the price has almost stalled, +0.4%, boxed between the 140 area and the 141 area. Volume is split almost evenly and the rejection candles are mixed: the decline holds its direction, but the first signs of fatigue are showing.
This week's summary
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.
IQS Phase
67
in tension
Signal Strength
37
decline starting to make lower lows
Sizing
REDUCED
Ranking
#17 / 46
EU-UK stocks
Trade P&L %
+6.49%
from signal to date, no stop loss
Rank position
ranks 17th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
LR belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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