Braskem · Sell signal, week 19
Braskem bounces 8.4% and stalls under the floor of the daily Kumo
Our view last week
After two weeks at -16.3% and -8.2%, Braskem stock steadies at -0.5%: during the week the price prints a fresh 7-day low, in the 3.65 area, yet closes in the upper half of its range and leaves it unconfirmed. On the technical analysis the decline still stands, with the ADX rising for 6 weeks and money flow negative, while the MACD histogram has been climbing for 5. This swing trading short, in week 18, is more than 54% in the money: a mature trade setup to follow through price action.
This week's summary
After 3 straight weekly declines, Braskem stock bounces 8.4%: the price turns up from the 4.0 area, reclaims its 20-day moving average and stalls against the floor of the daily Kumo, in the 4.6 area. On the technical analysis the decline still stands, with the MACD below its Signal line for 18 weeks and money flow negative, while the histogram has been rising for 6. This swing trading short, more than 50% in the money, is a mature trade setup: price action will show whether the bounce has legs.
IQS Phase
74
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#4 / 5
Rest of the World stocks
Trade P&L %
+50.23%
from signal to date, no stop loss
Braskem A (BRKM5) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 4th among the 5 sell signals for titoli resto del mondo in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly +1.17% · monthly -3.81%
BRKM5 belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
restricted Platinum content