Anglo American: the sell signal cools
Anglo American stock rises 0.3% as the sell signal keeps losing steam
Anglo American: the sell signal cools
Our view last week
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.
This week's summary
Anglo American shares bounce 0.3% off a touch on the 20-day moving average, but the sell signal keeps losing steam: strength drops to 2 out of 100, the mark of a decline nearing its end. Daily money flow stays weak, with only 17% of volume on the buy side, and the price is boxed between the nearest resistance and support. Full technical analysis in the report.
IQS Phase
55
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#39 / 47
EU-UK stocks sell signals
Trade P&L %
-3.09%
from signal to date, no stop loss
Rank position
ranks 39th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +1.71% · monthly +1.88%
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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