LR Technical Analysis - LEGRAND SA

Technical Rating and Analysis

Overall LR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LR is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

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 one of the better performing stocks in the Electrical Equipment industry, it outperforms 86% of 60 stocks in the same industry.

LR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month LR has a been trading in the 126.95 - 141.80 range, which is quite wide. It is currently trading near the high of this range.

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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 offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

88.90

141.51

We found 4 important support areas.

A support zone ranging from 133.46 to 133.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 127.39 to 130.09. 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.

We found 1 important resistance area.

A resistance zone ranging from 140.11 to 140.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	89.39	POSITIVE	LR.PA has a high relative strength, it outperformed 89.39% 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)	68.19	NEUTRAL	The RSI value for LR.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.4	POSITIVE	The MACD value suggests LR.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	82.45	OVERBOUGHT	The high Stochastics value suggests LR.PA may be overbought.
Average True Range in percent/ATR (20)	1.74	LOW VOLATILITY	The low ATR as a percentage value for LR.PA suggests low volalility.
Average Directional Index/ADX (14)	29.33	POSITIVE	The high ADX value value for LR.PA suggests a strong trend.