ENAV slips 2%, the sell signal hits fresh lows
ENAV slips 2% and carves a new, lower double bottom near the 4.9 area
ENAV slips 2%, the sell signal hits fresh lows
Our view last week
ENAV shares slip 1.7% this week, but the daily chart is forming a double bottom in the 5.0 area with a moderate 4% rebound. The Sell signal is still healthy though: signal strength reads 59 out of 100, "downtrend making lower lows, pace holding," and ENAV ranks 6th among the 53 European-UK sell signals. The quality band flags trading as not recommended for anyone looking to open now.
This week's summary
ENAV shares slip 2% this week, and the daily chart forms a second, lower double bottom in the 4.9 area, with a 4% intermediate rebound. The Sell signal stays healthy: signal strength climbs to 65 out of 100, "downtrend making lower lows, pace holding," and ENAV moves up to 8th among the 56 European-UK sell signals. The weekly technical analysis still flags trading as not recommended for anyone looking to open now.
Sell signal in observation
·3rd week from start
·EU-UK stocks
·T2
·📅 Earnings · Aug 3
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IQS Phase
61
ordinary
Signal Strength
65
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#8 / 56
EU-UK stocks sell signals
Trade P&L %
+3.67%
from signal to today
Rank position
ranks 8th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 65 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
ENAV belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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