Sell signal, week 13 · Borsa Italiana (Milan)
ENAV slips 0.8%: the 50-week average holds and with the ADX at 10 the decline stands still
Our view last week
ENAV stock closed the week up 0.7%, its second straight gain, yet the bounce stalled again beneath the wall of averages in the 5.0 area, which turned it back firmly. Buyers fell to 53% of volume from 82% seven days earlier, and money flow rose for a second week while staying below zero. Price action trading reads an indecisive weekly bar: the short holds at +3.8%, in a decline that has lost its stride.
This week's summary
ENAV slipped 0.8%, ending a 2-week rise: the bounce pushed up again and was turned back by the averages in the 5.0 area, the same wall as a week ago. ENAV stock is back on its 50-week moving average, in the 4.91 area, tested and defended at the close. For price action trading the weekly read is neutral: ADX at 10, money flow below zero and rising for 3 weeks. A waiting game for swing trading on Italian stocks, with the short at +4.6%.
IQS Phase
70
in tension
Signal Strength
19
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#56 / 89
EU-UK stocks
Trade P&L %
+4.56%
from signal to date, no stop loss
Rank position
ranks 56th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 19 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimeweak phase
Performanceweekly -0.03% · monthly +0.15%
ENAV belongs to the italian sector (reference ETF EXH4). The sector is classified weak phase according to our weekly reading.
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