The decline loses steam, CMF turns positive
Cyrela Brazil Realty slips 1.5%: a 9% bounce and CMF turning positive
The decline loses steam, CMF turns positive
Our view last week
Week 17 of the sell signal on Cyrela Brazil Realty, and the week closed nearly flat, up 0.3%, after the prior week's 6.9% gain. Buy volume slipped to 75% from 89%, while MACD and momentum keep improving against the three weeks before: the decline holds, but it is losing its edge.
This week's summary
Cyrela Brazil Realty shares just posted their sharpest bounce in weeks - a 9% rally off a touch on the daily 20-day moving average, in the 21 area - one of the cleanest price-action signals in a while. This week's technical analysis also brings the first real shift in money flow: the CMF turns positive after a month in negative territory, while MACD and momentum keep improving. The sell signal still calls the shots, though, with the short sitting above 17% profit.
IQS Phase
53
ordinary
Signal Strength
4
decline fading out
Sizing
MINIMUM
Ranking
#11 / 21
Rest of the World stocks
Trade P&L %
+17.67%
from signal to today
restricted Platinum content