E.On, sell signal's second week
E.On barely moves (-0.2%): distribution continues, ADX climbs on the decline
Our view last week
E.On stock drops 8.3% in a week and breaks below its 7-session low: a fresh Sell signal is born, rocketing to 2nd among the 47 European sell signals. Just seven days ago the Buy signal was losing steam; now the picture has flipped completely. Signal strength is at its maximum, 100 out of 100: on a decline this means a fall making new lows with real conviction, not one running out of gas.
This week's summary
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.
IQS Phase
83
in tension / maturity
Signal Strength
42
isolated weekly drop
Sizing
REDUCED
Ranking
#11 / 46
EU-UK stocks sell signals
Trade P&L %
+0.23%
from signal to date, no stop loss
Rank position
ranks 11th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -0.76% · monthly -5.85%
EOAN belongs to the european sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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