Legrand sell signal: still no acceleration
Legrand slips 1.8% as its Sell signal stays boxed between its moving averages
Legrand sell signal: still no acceleration
Our view last week
Legrand is in week 5 of a sell signal, and the week gave back 1.1% after the 13.4% rebound posted two weeks earlier. Flow turns back to selling and momentum flips negative again: the bearish front regains ground, though without accelerating.
This week's summary
Legrand's Sell signal is in its sixth week, and this week's technical picture tells the same story as recent weeks: the stock closes with another modest drop, 1.8%, without ever speeding up. Money flow keeps sliding into selling and momentum stays negative, while on the daily chart the stock has strung together five lower highs toward the 145 area. Price still holds above the Ichimoku cloud on the weekly chart, though: the underlying structure holds.
IQS Phase
66
in tension
Signal Strength
23
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#26 / 54
EU-UK stocks
Trade P&L %
+2.29%
from signal to today
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