BMW stock weekly technical analysis
BMW stock slips 0.9% as buyers retake control of the volume tape
Our view last week
After last week's 0.8% bounce, BMW is back in the red: -0.6%, with sellers again just ahead on volume. Our weekly technical analysis on BMW stock flags a detail that matters: CMF and MACD are easing off less than the drop suggests, a sign the selling pressure is losing pace - even as the ADX climbs to 29.5, confirming the trend stays structured. On the daily chart the stock just broke the 7-day support, near the 60.36 area. The open short is now 20.16% in the money.
This week's summary
BMW stock slips 0.9%, but the volume picture flips: after a week where sellers led, buyers now take the upper hand, 63% versus 37%. Our weekly technical analysis flags the MACD histogram improving for the 8th straight week, with money flow higher again though still negative for 12 weeks. On the daily chart the stock keeps printing lower highs, from the 61 area toward 60, squeezed between a close support and resistance. The open short is now 20.9% in the money.
IQS Phase
86
in tension / maturity
Signal Strength
33
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#19 / 46
EU-UK stocks
Trade P&L %
+20.86%
from signal to date, no stop loss
Rank position
ranks 19th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +0.84% · monthly +3.39%
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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