BAE Systems, the decline loses steam
BAE Systems climbs 4.8% as the 17-week sell signal loses momentum
BAE Systems, the decline loses steam
Our view last week
BAE Systems shares closed the week up 1.6%, with buyers back in control of volume (90%) after last week's rout. This week's technical analysis finds the sell signal in its 17th week of management, the short more than 9% in profit, but price is still boxed between the 20-day average in the 1877 area and the 50-week average in the 1908 area: a declining ADX says the trend is losing conviction, and a break is needed to call the next move.
This week's summary
BAE Systems' sell signal has been under management for 17 weeks, and this one closed with a 4.8% rebound: buyers are back in control (81% of volume) and money flow has turned positive. ADX has now declined for a fourth straight week, a sign the trend is losing conviction. The short is still in profit, but it has shrunk below 5%. This week's technical analysis on BAE Systems finds a decline running increasingly short of breath.
IQS Phase
36
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#42 / 56
EU-UK stocks
Trade P&L %
+4.64%
from signal to today
Rank position
ranks 42nd among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
BA. belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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