Buzzi: Sell signal under management, week 11
Buzzi rises 1% but money flow keeps worsening: the short stays in control
Buzzi: Sell signal under management, week 11
Our view last week
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%.
This week's summary
Buzzi stock attempts a small 1% bounce after weeks of decline, but the Sell signal, now in its 11th week of management, doesn't change character: money flow slips further into negative territory and sellers stayed slightly in charge of the last bar. The short is up about 6%, with Buzzi's earnings due this very week.
IQS Phase
80
in tension
Signal Strength
25
decline losing steam
Sizing
MINIMUM
Ranking
#19 / 47
EU-UK stocks
Trade P&L %
+6.01%
from signal to date, no stop loss
Rank position
ranks 19th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 25 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +1.71% · monthly +1.88%
BZU belongs to the italian sector (reference ETF EXV6). The sector is classified in positive regime according to our weekly reading.
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