L'Oréal, 8th week of the buy signal
L'Oréal slips 1.8% as the buy signal loses steam in its 8th week
L'Oréal, 8th week of the buy signal
Our view last week
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.
This week's summary
L'Oréal closed the week down 1.8%, but on the daily chart a clean double bottom formed in the 368 area, with an intermediate 8% rebound. In our L'Oréal weekly technical analysis, the buy signal is in its 8th week and losing steam: the weekly structure now aligns only two of four moving averages, down from three last week, and the MACD keeps deteriorating. The trade has slipped back into a small loss, with earnings due this very week.
IQS Phase
52
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#46 / 59
EU-UK stocks in progress
Trade P&L %
-2.05%
from signal to today
Rank position
ranks 46th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH7
Sector regime
Performanceweekly coming soon · monthly coming soon
OR belongs to the european sector (reference ETF EXH7).
restricted Platinum content