The decline continues, sellers stay in control
Companhia Siderurgica Nacional drops 5.6% as sellers stay firmly in control
The decline continues, sellers stay in control
Our view last week
Trading latinoamerica: Companhia Siderurgica Nacional stock drops 9.7% and wipes out last week's bounce as sellers regain full control. Sell volume hits 92% of the week and the CMF slides to its most negative reading in a month. The Sell signal has been under management for 24 weeks, with the short over 44% in the money. Earnings land this very week, on August 5 — expect extra volatility.
This week's summary
Companhia Siderurgica Nacional stock drops another 5.6% and fails to recover last week's plunge: sellers stay in control, with 64% of the week's volume on the sell side and money flow sliding deeper negative, a sign of heavy distribution. The Sell signal keeps running at 25 weeks, with the short over 47% in the money. Earnings land August 12: expect extra volatility.
Ongoing decline
·26th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
83
in tension / maturity
Signal Strength
76
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#2 / 17
Rest of the World stocks
Trade P&L %
+47.65%
from signal to date, no stop loss
Rank position
ranks 2nd among the 17 sell signals for titoli resto del mondo in our ranking, with a signal strength of 76 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +4.82% · monthly +5.38%
CSNA3 belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
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