Legrand · open buy, week 3
Legrand rebounds 7.2% and reclaims its 50-week average, but the early-exit warning stands
Our view last week
In Legrand's weekly bar sellers dominated to an extreme, with buying below 25% of volume, and the stock gives up another 0.7% after last week's 4.3% drop. Legrand stock stays below its 50-week average and inside the weekly Kumo, with the MACD histogram still below zero. The buy signal is still open, in the red and carrying an early-exit warning: for anyone swing trading it, the price action calls for caution, one of the weekly buy signals to handle with care.
This week's summary
Legrand rebounds 7.2% and in a single week climbs back above its 50-week average and out of the top of the weekly Kumo. Legrand stock also reclaims its 20-week average, but the move stalls just under the 30-day high, in the 146 area, and the weekly MACD is still below its Signal line. The buy signal is back in profit and still carries an early-exit warning: among the weekly buy signals on European stocks, a swing trading case to handle with care.
IQS Phase
52
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#12 / 29
EU-UK stocks in progress
Trade P&L %
+1.90%
from signal to date, no stop loss
Legrand (LR) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 12th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimeweak phase
Performanceweekly -0.03% · monthly +0.15%
LR belongs to the european sector (reference ETF EXH4). The sector is classified weak phase according to our weekly reading.
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