Rally cools, trend holds
Schneider Electric stock slips 3.1% as the rally cools, weekly trend holds
Our view last week
After last week's 8% surge and the 4.9% gain the week before that, Schneider Electric stock is slowing down: this week closes at just 0.9%, with volume back in balance and buyer momentum fading. The weekly picture stays bullish though, with the MACD above its Signal line and the ADX climbing. In this technical analysis, the trade has been running for 17 weeks and sits at +9.96% since entry.
This week's summary
After weeks of gains, Schneider Electric stock stalls: this week it gives back 3.1%, with buying volume collapsing to 29% and sellers slightly ahead on the last bar. RSI slips to 60.7 and the MACD histogram turns back down, but the weekly picture stays bullish, with the ADX climbing for a fourth straight week. The stock is hugging its highs, a level already tested more than once.
IQS Phase
53
ordinary
Signal Strength
58
medium
Sizing
STANDARD
Ranking
#26 / 70
EU-UK stocks in progress
Trade P&L %
+6.51%
from signal to date, no stop loss
Rank position
ranks 26th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 58 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
SU belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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