Cyrela: bounce rejected at the moving-average wall
Cyrela shares drop 6.2%, rejected at the moving-average cluster near 22
Cyrela: bounce rejected at the moving-average wall
Our view last week
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.
This week's summary
Cyrela Brazil Realty shares drop 6.2%, giving back most of last week's 9% bounce: the price was firmly rejected by an entire cluster of moving averages in the 22.3-22.7 area. The Sell signal has been under management for 19 weeks, with the short more than 22% in profit. Beneath the surface, money flow keeps improving for a fourth straight week, while sellers are back in control of the tape: a technical picture in precarious balance.
Ongoing decline
·20th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 13
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IQS Phase
65
in tension
Signal Strength
55
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#7 / 16
Rest of the World stocks
Trade P&L %
+22.78%
from signal to today
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