From a fading sell to a fresh buy signal
Anglo American stock: the sell signal fades out as a fresh buy signal fires (+7.7%)
From a fading sell to a fresh buy signal
Our view last week
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.
This week's summary
Anglo American's Sell signal has burned out: last week strength had already dropped to 2 out of 100, the mark of a decline running on fumes. This week a fresh Buy signal has fired. Anglo American stock climbs 7.7% and moves back near its recent highs, backed by three rising daily lows. This week's technical analysis confirms a bullish picture, with just one warning on fading candle-body conviction.
IQS Phase
60
ordinary
Signal Strength
69
medium
Sizing
STANDARD
Ranking
#2 / 6
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 2nd among the 6 fresh Longs for European-UK stocks in our ranking, with a signal strength of 69 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +5.15% · monthly +12.96%
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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