LEGRAND

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	LR
ISIN:	FR0010307819

LEGRAND - Daily - Technical analysis published on 10/15/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 67.18 EUR

My targets

70.77 EUR (+2.45%)

My analysis

The bullish trend is currently very strong on LEGRAND. As long as the price remains above the support at 67.18 EUR, you could try to benefit from the boom. The first bullish objective is located at 70.77 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LEGRAND rating is 69.08 EUR. The price registered an increase of +2.52% on the session and was between 67.70 EUR and 69.10 EUR. This implies that the price is at +2.04% from its lowest and at -0.03% from its highest.

67.70

69.10

69.08

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this LEGRAND chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	63.94	65.50	67.18	69.08
Change (%)	-7.44%	-5.18%	-2.75%	-
Change	-5.14	-3.58	-1.90	-
Level	Intermediate	Intermediate	Major	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.22	55.05	55.52	56.34	56.81	57.63	58.10
Camarilla	55.63	55.75	55.87	55.98	56.10	56.22	56.34
Woodie	54.05	54.96	55.34	56.25	56.63	57.54	57.92
Fibonacci	55.05	55.54	55.84	56.34	56.83	57.13	57.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.99	36.55	37.23	37.80	38.48	39.04	39.72
Camarilla	37.57	37.69	37.80	37.91	38.03	38.14	38.26
Woodie	36.05	36.58	37.29	37.82	38.54	39.07	39.78
Fibonacci	36.55	37.03	37.32	37.80	38.27	38.56	39.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.97	61.67	63.57	65.27	67.17	68.87	70.77
Camarilla	64.49	64.82	65.15	65.48	65.81	66.14	66.47
Woodie	60.08	61.72	63.68	65.32	67.28	68.92	70.88
Fibonacci	61.67	63.04	63.89	65.27	66.64	67.49	68.87

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.61
MACD (12,26,9):	0.1100
Directional Movement:	10.41
AROON (14):	7.14
DEMA (21):	65.34
Parabolic SAR (0,02-0,02-0,2):	55.87
Elder Ray (13):	3.25
Super Trend (3,10):	58.27
Zig ZAG (10):	69.04
VORTEX (21):	0.9800
Stochastique (14,3,5):	64.78
TEMA (21):	65.12
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	3.44
Repulse (5,40,3):	2.1200
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	0.58

MA7:	65.18
MA20:	65.15
MA50:	64.28
MA100:	63.73
MAexp7:	65.06
MAexp20:	65.11
MAexp50:	64.57
MAexp100:	63.40
Price / MA7:	+5.98%
Price / MA20:	+6.03%
Price / MA50:	+7.47%
Price / MA100:	+8.39%
Price / MAexp7:	+6.18%
Price / MAexp20:	+6.10%
Price / MAexp50:	+6.98%
Price / MAexp100:	+8.96%

News

Don"t forget to follow the news on LEGRAND. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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