L'Oréal, week 7: the buy signal cools
L'Oréal edges up 0.2% and stays boxed between key levels as the buy signal fades
L'Oréal, week 7: the buy signal cools
Our view last week
This week L'Oréal closed almost flat, down 0.4%, but underneath the surface the picture is losing some shine: contracting volume, mixed rejection bars and a weekly MACD that keeps deteriorating. The structure stays bullish, if modestly — three of four structural averages are still aligned — and the trade is back to essentially breakeven after 6 weeks. For anyone following L'Oréal stock with weekly technical analysis, this is also the week the model's first trimming window kicks in.
This week's summary
L'Oréal closed the week almost flat, up a modest 0.2%, squeezed into a very tight corridor between the daily Bollinger Band midline and the pivot-point average: volume contracting, weekly MACD still deteriorating. The structure stays bullish, if modestly — three of four structural averages still aligned — but the buy signal is losing its shine and the trade is back to essentially breakeven. For L'Oréal stock, weekly technical analysis: earnings on July 29 are approaching and call for caution.
IQS Phase
45
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#45 / 61
EU-UK stocks in progress
Trade P&L %
-0.21%
from signal to today
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