BB Seguridade: the bounce clears the flagged stops
BB Seguridade jumps 7.6% and clears the sell signal's stop levels
Our view last week
BB Seguridade attempts a modest bounce: the week closes up 0.6%, the first positive move after 3 weeks of declines. The technical picture doesn't change tune: the weekly RSI turns back up, but the MACD has just crossed below its Signal line after 11 weeks above it, and on the daily chart sellers stay in control with money flow in distribution. The stock is in the second week of a sell signal, and the confirmation week is still in progress.
This week's summary
BB Seguridade stock accelerates: the week closes up 7.6%, the sharpest bounce of recent sessions, with price back above the 20-day average that had been the trigger level. The weekly RSI climbs, though the MACD stays below its Signal line and the sell signal's strength has nearly faded out. Price closed above the first and second stop levels flagged in last week's card (39.09 area, 39.45 area): for anyone following those levels the trade is closed.
IQS Phase
49
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#13 / 23
Rest of the World stocks sell signals
Trade P&L %
-8.31%
from signal to date, no stop loss
Rank position
ranks 13th among the 23 sell signals for titoli resto del mondo in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +1.08% · monthly +2.51%
BBSE3 belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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