Buzzi, decline hits fresh lows as sellers dominate
Buzzi drops 4% to fresh lows as the decline keeps the upper hand
Buzzi, decline hits fresh lows as sellers dominate
Our view last week
Buzzi falls back hard: after last week's rebound, when the MACD histogram turned positive, the stock drops 4.7% and sellers retake firm control, with 75% of trading concentrated on the sell side. The weekly RSI slides to a fresh low, in the 41 area, and money flow turns worse again. The double bottom in the 42 area still holds, but the picture stays bearish: the short climbs to 3.11% profit.
This week's summary
Buzzi shares drop another 4% and slide to a fresh low, in the 40 area, with sellers making up 83% of the week's volume. A freshly formed daily double bottom in the 41 area produced an intraday 7% bounce, but the weekly RSI still slips to a new low, under 38, and money flow stays negative. The short remains under management, now up 6.95%.
IQS Phase
78
in tension
Signal Strength
99
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#3 / 56
EU-UK stocks
Trade P&L %
+6.95%
from signal to today
Rank position
ranks 3rd among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 99 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +3.13% · monthly -0.21%
BZU belongs to the italian sector (reference ETF EXV6). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content