Avio's decline slows, holding the 28 area
Avio slips another 2% as the Sell signal slows near the 28 area
Avio's decline slows, holding the 28 area
Our view last week
Avio shares shed another 5.1% this week, with sellers firmly in control and money flow back in negative territory. Avio's technical analysis shows the Sell signal now in its fourth week, with signal strength climbing to 36 out of 100 — a decline making lower lows, healthy in its own way. The stock slips to 17th among the 53 European-UK sell signals, while still trading well above its 200-week average: for our model it stays a trading-not-recommended case.
This week's summary
Avio shares are under a Sell signal now in its fifth week, and the decline is losing pace: after last week's 5.1% plunge, the stock shed another 2.0% this week, with sellers still in control (61% of volume). Money flow stays negative and the weekly MACD has just slipped below zero, but price is holding the 28 area, the same double-bottom floor that already produced a 28% rebound.
IQS Phase
73
in tension
Signal Strength
12
decline losing steam
Sizing
MINIMUM
Ranking
#31 / 56
EU-UK stocks
Trade P&L %
+0.35%
from signal to today
Rank position
ranks 31st among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 12 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
AVIO belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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