ENAV: from fading buy signal to a fresh Sell signal
ENAV slips 2.9% as the signal flips from buy to sell
ENAV: from fading buy signal to a fresh Sell signal
Our view last week
ENAV is in week 5 of a buy signal: the weekly bullish structure holds, but signal strength has faded to 40 out of 100, consistent with a setup that showed weakness signals in the week following the trade's opening. The stock ranks 48th among the 62 buys already running in European-UK stocks, with the setup quality indicator at 50 out of 100, in an ordinary phase. 1 week to the first statistical management window.
This week's summary
ENAV shares slip 2.9% this week as the picture flips: a fading buy signal gives way to a fresh Sell signal, ranking 4th of 54 among European-UK stocks. The daily chart tells a more nuanced story — a clean double bottom in the 5.0 area with a 6% bounce and volume entirely on the buy side — while the stock is still 20.8% above its 200-week average: opening a short here is high-risk per our model.
IQS Phase
38
ordinary
Signal Strength
59
decline starting to make lower lows
Sizing
STANDARD
Ranking
#4 / 54
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
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