LSE: sixth week, first management window opens
London Stock Exchange stock rises 0.8% as the ADX gains conviction
Our view last week
London Stock Exchange slips 4.3% this week, and the daily chart shows 3 lower highs, from the 9890 area down to the 9040 area. The weekly picture stays neutral: volumes are contracting, sellers only slightly prevail in the last bar, while the ADX is rising and the price still sits inside the Ichimoku cloud. The buy signal, now in its 5th week, shows the first signs of fatigue, with the trade currently down 4.18%.
This week's summary
London Stock Exchange closes the week up 0.8%, but on the daily chart four lower highs in a row, from the 9240 area down to the 8610 area, tell a story of a rally struggling to gain traction. The weekly ADX is rising and giving the trend more conviction, while the buy signal reaches its sixth week with wide running room toward the all-time highs. Our weekly technical analysis of London Stock Exchange stock tracks how this setup develops.
IQS Phase
37
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#16 / 70
EU-UK stocks in progress
Trade P&L %
-3.44%
from signal to date, no stop loss
Rank position
ranks 16th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
LSEG belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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