L'Oréal, 9th week of a buy signal
L'Oréal stock: +3.3% as the weekly structure recovers to 3 of 4 averages
L'Oréal, 9th week of a buy signal
Our view last week
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.
This week's summary
L'Oréal closed the week up 3.3%, bouncing off its 20-day average after touching the 379 area. The weekly structure, which had lost one of its aligned averages last week, has recovered it: 3 of 4 are back in line, with the MACD and its histogram both improving. In our L'Oréal stock technical analysis, the buy signal is in its 9th week and still carries weak conviction (signal strength 40 out of 100), with last week's earnings now behind it and no gap left in their wake.
IQS Phase
61
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#46 / 61
EU-UK stocks in progress
Trade P&L %
+1.15%
from signal to date, no stop loss
Rank position
ranks 46th among the 61 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