Buyers retake control, but price stays compressed
Brunello Cucinelli gains 2.5%, but stays boxed under the 82.5 area
Buyers retake control, but price stays compressed
Our view last week
Brunello Cucinelli's daily chart shows a clean double bottom in the 79 area, with a 9% intermediate rebound. The weekly picture tells a different story: sellers are back in control, above 60% of volume, money flow keeps worsening and the MACD keeps deteriorating. RSI at 44.5, still falling. Price is boxed between the 79.8 and 80.7 areas, below its 200-week average for 19 weeks.
This week's summary
Brunello Cucinelli's stock turns the tables: after a week when sellers ruled 64% of volume, buyers are back at 59%, the stock gains 2.5% and the RSI climbs to 47.6. Price, though, stays boxed between the 82 and 82.5 areas, with money flow still negative: the distribution flagged last week hasn't closed. The trade is in its 14th week of management, with a slight -1.8% from entry.
IQS Phase
30
compressed / accumulation
Signal Strength
83
high · wide move
Sizing
FULL
Ranking
#3 / 61
EU-UK stocks in progress
Trade P&L %
-1.84%
from signal to today
restricted Platinum content