Sell signal just started, but the daily holds firm
Azimut slips 2.5%: fresh sell signal as the daily shows buyers at 96% of volume
Sell signal just started, but the daily holds firm
Our view last week
Azimut stock stays boxed into a tight range: after last week's clean double bottom in the 35 area, this week the stock slips 1.1% and sellers edge back into control. Distribution stays underway, and the buy signal, now in its fourth week, is starting to lose its footing — signal strength drops to 32 out of 100. In this swing trading picture, price remains squeezed between support in the 35.8 area and resistance in the 35.9 area.
This week's summary
The buy signal on Azimut, already losing steam last week, flips into a fresh sell signal this week: the stock slips 2.5%, yet on the daily chart buyers still dominate — 96% of volume — and price has just carved a double bottom in the 35 area with a 7% rebound. A mixed picture, with the stock boxed between two tightly packed levels.
IQS Phase
69
in tension
Signal Strength
43
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#15 / 56
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 15th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 43 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
AZM belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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