Legrand Stock Continues Its Slide, Falling Below Key Support at €143.80
The electrical infrastructure specialist is among the declining stocks this Monday in Paris. The stock continues a slide that began since its historical peak in early May, now trading at the lower end of the CAC 40 range as European indices decline.
The Stock Drops 1.39% and Is Among the Biggest Declines in the CAC 40
Legrand's stock fell by 1.39% to €142.00, down from €144 at the last close. The CAC 40 index itself is down by 0.66% during the session.
The decline extends the bearish sequence that started after the historical peak on May 7, with the stock already down nearly 4% over a week and almost 10% over a month. However, its annual performance is still around 30%.
This movement is part of a more cautious European climate, marked by a more than 2% rise in Brent after new strikes in Lebanon and by a dollar at a two-month high, following a strong US employment report that has reignited expectations of a Fed rate hike.
Below the 20-Day Moving Average, Touching Support at €143.80
The stock is now trading below its 20-day moving average (€150.38), with a negative gap of 5.57%, and below the 50-day moving average (€147.91). It still maintains a cushion of about 2% above the 200-day moving average at €139.24, which marks the medium-term trend.
The stock has fallen below the identified support at €143.80, already broken during the last session. The RSI at 41 indicates contained selling pressure, without a configuration of overselling.
As a reminder, the group has multiplied operations in 2026, including the acquisition of SRS Power Engineering in Malaysia announced on May 20, the fifth external growth operation of the year in data centers and energy transition. The €139 area, close to the 200-day moving average, becomes the next technical reference in case of continued decline.
