Schneider Electric accelerates: an 8% week
Schneider Electric jumps 8% and breaks out of its consolidation range
Schneider Electric accelerates: an 8% week
Our view last week
Schneider Electric shares rebound 2.1% this week, in a technical analysis picture built on a clean double bottom in the 259 area, with a 7% intermediate rebound and buyers back in control on the daily chart, at 93% of volume. Weekly money flow stays negative but is drying up, while the MACD still confirms the weak phase. Price is now boxed into a tight band between the 267 and 270 areas, the key junction for whether the rebound gains traction.
This week's summary
Schneider Electric stock closes its strongest week in a while: up 8%, with 87% of volume on the buy side and price back near its 7-day high, in the 295 area. Seven days ago the stock was boxed between the 267 and 270 areas; this week it breaks out with conviction, and weekly RSI climbs to 61. In this technical analysis, the trade has been open for 15 weeks and is up 3.9% since entry.
IQS Phase
39
ordinary
Signal Strength
58
medium
Sizing
STANDARD
Ranking
#18 / 61
EU-UK stocks in progress
Trade P&L %
+3.93%
from signal to date, no stop loss
Rank position
ranks 18th among the 61 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 strong phase
Performanceweekly +2.11% · monthly +0.81%
SU belongs to the european sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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