Legrand Shares Drop 8.4% in One Month: RSI at 28, Support at €135
Legrand's stock shows a slight decline this Friday, March 13, dropping 0.32% to €138.10 in a generally stable market environment, with the CAC 40 index slightly up by 0.03% during the session. Two technical signals converge today towards the same interpretation: an RSI in the oversold zone. These indicators, far from contradicting each other, indicate a persistent selling pressure since the beginning of March.
Technical Analysis of Legrand's Stock
Today, Legrand's stock displays an RSI of 28, below the conventional threshold of 30 that marks the oversold zone. The 200-day moving average, at €131.05, represents the next technical reference level to watch, with the graphical support identified at €135.00 and resistance at €154.80.
Launch of a New Employee Share Ownership Plan
Amidst this downturn, Legrand announced on March 12, 2026, the launch of its second international employee share ownership plan, open to eligible employees in France and abroad from March 13 to March 31, 2026. The offer comes with a 20% discount on the reference share price. Regarding the financial calendar, the first quarter 2026 results are expected on May 7, the general meeting will be held on May 27, and the dividend detachment is scheduled for May 29. In the longer term, the performance remains positive: Legrand has gained 11.73% over three months and 31.27% over one year.
