Sell signal in management, week 19
Banco do Brasil slips 0.4% and stalls at the wall: the decline loses steam in a razor-thin range
Sell signal in management, week 19
Our view last week
Banco do Brasil bounces 6% off its own 20-day moving average and closes the week up 3%, driven by buyers who dominate 93% of volume. It confirms what emerged seven days ago - CMF and MACD both improving - and price is now squeezed into a very tight band, right up against resistance in the 20.65 area.
This week's summary
Banco do Brasil's weekly technical analysis: the stock remains under a sell signal in management for 19 weeks, with the short more than 13% in profit. This week the price barely moved (-0.4%), boxed into a very tight range between the 20.5 and 20.2 areas. Beneath the surface, money flow keeps improving and momentum is cooling off: the decline still holds, but it's losing steam.
Ongoing decline
·19th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
81
in tension / maturity
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#14 / 16
Rest of the World stocks
Trade P&L %
+13.94%
from signal to today
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