Confirmation week slips after the fresh buy signal
Deutsche Telekom slips 2.7% in its confirmation week, yet its higher lows hold
Confirmation week slips after the fresh buy signal
Our view last week
Deutsche Telekom's shares climb 3.8% and close the week on three higher lows, pressing against the 7-day high in the 27.5 area: that's exactly where the trigger fires a new buy signal. Just a week ago the stock was still stuck inside a decline, with a sell signal under management for a while; now the picture flips, though with only moderate strength and contracting volumes worth watching.
This week's summary
Deutsche Telekom shares slip 2.7% in the confirmation week of the buy signal that fired seven days ago: after the 3.8% surge and the three higher lows that triggered the signal in the 27.5 area, this week buyers lose steam and volume contracts. The structure isn't broken - the daily higher lows still hold, running from the 24 area toward the 26 area - and the weekly ADX is climbing, a sign the trend is still taking shape despite the stumble.
IQS Phase
43
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#43 / 59
EU-UK stocks in progress
Trade P&L %
-2.66%
from signal to today
Rank position
ranks 43rd among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV2
Sector regimeweak phase
Performanceweekly -3.01% · monthly -8.78%
DTE belongs to the european sector (reference ETF EXV2). The sector is classified weak phase according to our weekly reading.
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