E.On: sell signal stays open in week three
E.On stock rebounds 2.4% as the sell signal loses steam in week three
Our view last week
After the 8.3% plunge that triggered the sell signal with Signal Strength at its peak, E.On is now nearly flat this week (-0.2%). Money flow stays on the sell side, sellers remain slightly prevalent on the last weekly bar, and the daily chart shows a decisive bearish engulfing bar. For now it looks like a pause in the decline, not a reversal.
This week's summary
E.On stock rebounds 2.4% this week, after two weeks of declines, but on the daily chart price stays below the Ichimoku cloud and money flow keeps leaking out of the market. The sell signal's momentum has nearly faded, signal strength 2 out of 100: our technical analysis reads it as a pause, not a reversal. E.On stock stays under watch, in its third week since the signal.
IQS Phase
65
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#40 / 51
EU-UK stocks sell signals
Trade P&L %
-2.18%
from signal to date, no stop loss
Rank position
ranks 40th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly +0.66% · monthly -1.21%
EOAN belongs to the european sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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