Bradespar's decline slows as money flow stays positive
Bradespar falls 3.3%, but money flow doesn't confirm the drop
Bradespar's decline slows as money flow stays positive
Our view last week
Week 10 of the sell signal on Bradespar, and the week just closed up 1.0%, with buy volume climbing to 66%. The recent technical picture shows a decline holding its direction but losing fresh drive: the CMF stays positive and momentum, still negative, improves versus the prior week. Trading not recommended per our model.
This week's summary
Bradespar gave back 3.3% this week, wiping out last week's 1% bounce. But money flow has turned positive again and is rising for a second straight week, at its highest level of the period, while buyers still hold just over half of the volume: the drop isn't fully confirmed by the flows. Price stays boxed between a support and a resistance just cents apart, with the ADX at a one-month low — the trend is losing conviction.
IQS Phase
58
ordinary
Signal Strength
35
decline starting to make lower lows
Sizing
REDUCED
Ranking
#4 / 21
Rest of the World stocks
Trade P&L %
+5.41%
from signal to today
restricted Platinum content