Saint-Gobain: fresh sell signal ahead of earnings
Saint-Gobain slips 2.4% and stays boxed in its range ahead of earnings
Saint-Gobain: fresh sell signal ahead of earnings
Our view last week
Saint-Gobain shares stay boxed into a tight range after the double bottom in the 73 area: this week's technical analysis shows a flat close (+0.2%), with buyers back in modest control (67% of volume) after last week's heavy selling. But the weekly ADX keeps sliding and momentum has turned negative: the bounce is struggling for fuel. The trade, in its 13th week of management, remains in a small loss (-6.7%), the position still fully open.
This week's summary
Saint-Gobain shares stay boxed into the same tight range as last week, but the picture has flipped: a fresh sell signal has fired on the weekly chart, its first week live. This week's technical analysis shows a 2.4% decline, with a daily double bottom in the 73 area producing an intermediate 7% rebound. Earnings land this very week, on July 30, and signal strength is still low, at 25 out of 100.
IQS Phase
58
ordinary
Signal Strength
25
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#21 / 56
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 21st among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 25 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
SGO belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content