Dassault Systemes: sellers retake control
Dassault Systemes drops 1.9% as sellers retake control of volume
Dassault Systemes: sellers retake control
Our view last week
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.
This week's summary
Dassault Systemes' Sell signal has been under management for 5 weeks, and this week sellers came back in firm control: 81% of volume was on the sell side, and money flow turned negative again. Price stays boxed into a tight range, with resistance in the 18 area and support in the 17.7-17.2 area: after last week's rebound attempt, the decline has taken back the wheel. Earnings land this very week, on July 23.
IQS Phase
65
in tension
Signal Strength
22
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#25 / 53
EU-UK stocks
Trade P&L %
-3.92%
from signal to today
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