Dassault Systemes, a decline in the balance
Dassault Systemes drops 1.4% as sellers retake control of volume
Dassault Systemes, a decline in the balance
Our view last week
Dassault Systemes is in the fourth week of a sell signal, and the week just closed gained 3.2%: the price is back near the Inversion Point and signal strength drops to 2 out of 100. The setup quality indicator, at 54 out of 100, stays in the ordinary range, and the stock ranks 39th among the 54 European-UK sell signals. The technical picture calls for close attention from here.
This week's summary
Dassault Systemes stock shifts gears on its Sell signal: after last week's rally almost back to the Inversion Point, the stock dropped 1.4% this week, sellers took back control of volume, and money flow turned negative. Price stays boxed into a tight range in the 18.2-18.5 area; the short is down 6% since entry.
IQS Phase
53
ordinary
Signal Strength
4
decline fading out
Sizing
MINIMUM
Ranking
#39 / 54
EU-UK stocks
Trade P&L %
-5.96%
from signal to today
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