BAE Systems: the bounce stalls, -6.6%
BAE Systems drops 6.6% as the rebound stalls and the decline regains control
BAE Systems: the bounce stalls, -6.6%
Our view last week
BAE Systems reaches week 15 of a sell signal, and this is the week that changes its rhythm: up 9.6% over five sessions, RSI back above 50 after weeks compressed between 42 and 46, buy volume at 89% versus 69% the week before. Price now sits in a narrow band between two nearby technical references, a sign of an indecisive market more than a decline regaining momentum.
This week's summary
BAE Systems closed the week down 6.6%, wiping out much of the prior week's rebound: sell volume at 90%, RSI back under 50, and money flow negative again. On the daily chart the stock still carved out a double bottom near the 1780 area with a 4% bounce, before settling into a tight range. It's week 16 of a sell signal, with the short already more than 10% in profit.
IQS Phase
52
ordinary
Signal Strength
56
decline starting to make lower lows
Sizing
STANDARD
Ranking
#6 / 54
EU-UK stocks
Trade P&L %
+10.45%
from signal to today
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