BMW: the decline eases, volume doesn't back it up
BMW stock: 4.1% bounce lacks confirmation, decline stays in control
BMW: the decline eases, volume doesn't back it up
Our view last week
In this week's technical analysis on BMW the stock drops 2.7% and retests the double bottom in the 57 area, after last week's pause. Sellers dominate the tape with 79% of volume, while RSI slips to 27, close to oversold. Money flow stays in distribution territory, but the MACD histogram is narrowing: the decline is losing some steam while still in control. The open short on the stock is now above 23% in the money.
This week's summary
BMW's slide loses a step without stopping: after last week's sell-off the stock claws back 4.1%, but on balanced volume, not real buyers stepping in — a divergence our weekly technical analysis on BMW stock flags right away. The weekly RSI climbs to 32, well off last week's oversold reading, while money flow stays in distribution. The open short on the stock slips from 23% to 20.3% in the money.
IQS Phase
83
in tension / maturity
Signal Strength
12
decline losing steam
Sizing
MINIMUM
Ranking
#32 / 47
EU-UK stocks
Trade P&L %
+20.30%
from signal to date, no stop loss
Rank position
ranks 32nd among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 12 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +4.15% · monthly +3.15%
BMW belongs to the european sector (reference ETF EXHG). The sector is classified in strong phase according to our weekly reading.
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