LR Technical Analysis - LEGRAND SA

Technical Rating and Analysis

Overall LR gets a technical rating of 10 out of 10. Both in the recent history as in the last year, LR has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that LR is one of the better performing stocks in the market, outperforming 89% of all stocks.

LR is part of the Electrical Equipment industry. There are 58 other stocks in this industry. LR outperforms 82% of them.

A new 52 week high is currently being made by LR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month LR has a been trading in the 126.95 - 139.30 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although LR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

88.90

140.49

4 important support areas can be observed.

A support zone ranging from 130.09 to 132.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 125.56 to 127.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @106.45 from a horizontal line in the daily time frame.
Support @89.80 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for LR.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LR.PA is up.
ChartMill Relative Strength	89.3	POSITIVE	LR.PA has a high relative strength, it outperformed 89.3% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LR.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LR.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LR.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.96	OVERBOUGHT	The high RSI value suggests LR.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.46	POSITIVE	The MACD value suggests LR.PA has a positive trend.
Stochastics (14,3)	93.73	OVERBOUGHT	The high Stochastics value suggests LR.PA may be overbought.
Average True Range in percent/ATR (20)	1.57	LOW VOLATILITY	The low ATR as a percentage value for LR.PA suggests low volalility.
Average Directional Index/ADX (14)	24.69	NEUTRAL	The ADX value for LR.PA suggests a possible start of a new trend.