Anglo American, sell signal in its 3rd week
Anglo American rebounds 9.4% off a double bottom, yet money flow still leans bearish
Anglo American, sell signal in its 3rd week
Our view last week
Anglo American's sell signal is only in its second week, and this one shed another 6.1%: last week's drop was 4.3%, so the decline is now widening for real. On the daily chart the stock had tried a double bottom with an 11% bounce, but sellers took back control in the last session and money flow stays in distribution. The European mining sector, meanwhile, is down 1.3% for the month — a backdrop that isn't helping.
This week's summary
Anglo American prints a daily double bottom in the 3360 area and rebounds 9.4% in a week, yet money flow stays in distribution and buyer dominance is fading on the latest session. This technical analysis shows Anglo American shares still under a sell signal: the bounce hasn't convinced yet, with price boxed between the nearest resistance and support.
IQS Phase
52
ordinary
Signal Strength
15
decline losing steam
Sizing
MINIMUM
Ranking
#29 / 56
EU-UK stocks sell signals
Trade P&L %
-2.76%
from signal to today
Rank position
ranks 29th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 15 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +3.13% · monthly -0.21%
AAL belongs to the european sector (reference ETF EXV6). The sector is classified in positive regime according to our weekly reading.
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