European-UK stocks · buy signal in confirmation phase
London Stock Exchange Group slips 2.3% in week two as buyers lose ground
European-UK stocks · buy signal in confirmation phase
Our view last week
London Stock Exchange Group shares confirm this week's buy signal that fired seven days ago, up 0.8% with three rising daily lows heading toward the 8690 area. Under the surface, though, volumes are contracting and buyer dominance is fading: our model reads the setup as technically weak and recommends a cautious trim on part of the position.
This week's summary
London Stock Exchange Group closes the trade's second week down 2.3%, following the double bottom in the 7650 area that had already produced a 22% rebound. Beneath the surface the same warnings from last week persist: contracting volumes, softer candle bodies and fading buyer dominance, even as the daily money flow stays positive. The technical picture still points to caution on fresh entries.
IQS Phase
31
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#10 / 59
EU-UK stocks in progress
Trade P&L %
-1.50%
from signal to today
Rank position
ranks 10th among the 59 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 +2.20% · monthly +2.61%
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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