Saint-Gobain: fresh buy signal after a 9.6% surge
Saint-Gobain (+9.6%): from a sell signal to a fresh buy in one week
Saint-Gobain: fresh buy signal after a 9.6% surge
Our view last week
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.
This week's summary
Last week's sell signal on Saint-Gobain is already gone: the weekly chart now shows a fresh buy signal, in its first week live, after a 9.6% weekly surge that pushed Saint-Gobain stock back near its recent highs. This technical analysis flags a note of caution, though: the daily chart is stringing together three lower highs, and money flow is still in distribution. Earnings are already out, from last week, with the gap risk now behind it.
IQS Phase
49
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#9 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 9th among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
SGO belongs to the european sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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