EssilorLuxottica: the sell signal keeps losing steam
EssilorLuxottica falls 2.7% as the sell signal keeps losing steam
EssilorLuxottica: the sell signal keeps losing steam
Our view last week
EssilorLuxottica shares stay boxed into a tight band between the 170 area and the 172 area, closing the week almost flat, -0.5%. This week's technical read confirms what showed up seven days ago: the sell signal still holds its direction but keeps losing fuel, with MACD, money flow and momentum all improving while sellers stay only marginally ahead of buyers. The short is running above 39% in profit.
This week's summary
EssilorLuxottica shares shed another 2.7% and stay boxed under the 170 area, with the sell signal now in its 32nd week. This week's technical read confirms what showed up seven days ago: MACD, money flow and momentum keep improving, and this time sellers lose ground too, down from 61% to 55% of volume. On the daily chart a double bottom holds in the 162 area, with an 11% rebound. The short is running above 40% in profit.
IQS Phase
67
in tension
Signal Strength
37
decline starting to make lower lows
Sizing
REDUCED
Ranking
#16 / 53
EU-UK stocks
Trade P&L %
+40.91%
from signal to today
restricted Platinum content