Sell signal · week 8
Enel slips 1.3% to a fresh 7-day low that the weekly close fails to confirm
Our view last week
After 4 straight negative closes, Enel stock finished the week up 0.5%, with buyers taking 60% of weekly volume. Money flow slipped again, though, and has stayed below zero for 4 weeks, while price action still points to distribution underway. Our technical analysis keeps the sell signal under management, with the short 6.1% in profit: the decline is slowing, and buyers still lack the push to turn it, a swing trading case to follow week by week.
This week's summary
Enel stock slips 1.3% and prints a fresh 7-day low during the week, one the close fails to confirm: just below, in the 8.6 area, runs the 100-week moving average. Last week the shares had tried to recover; now money flow stays negative for a 5th straight week and the RSI drops to its lowest reading in 4. Our technical analysis keeps the Sell signal under management, with the short 7.3% in profit: price action still points to distribution.
IQS Phase
64
ordinary
Signal Strength
21
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#54 / 89
EU-UK stocks
Trade P&L %
+7.33%
from signal to date, no stop loss
Rank position
ranks 54th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 21 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimein positive regime
Performanceweekly +0.55% · monthly +1.10%
ENEL belongs to the italian sector (reference ETF EXH9). The sector is classified in positive regime according to our weekly reading.
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