Enel, sell signal under observation
Enel slips 0.5% as the decline keeps making lower lows
Our view last week
After last week's plunge, Enel stock has stalled: the week closes almost flat, up just 0.1%, with ADX falling for five weeks and the MACD still below its Signal line. The Sell signal enters its confirmation week, 14th by strength among the 46 European sell signals. On the daily chart sellers dominate and money flow stays in distribution: our model's discipline points against opening new positions here.
This week's summary
Enel closes the week almost flat, down 0.5%, with ADX falling for a sixth straight week and MACD still below its Signal line. On the daily chart money flow stays in distribution, and buyers remain slightly under half of volume. The Sell signal is in its confirmation week, still in progress, 25th by strength among the 51 European sell signals. Our model's discipline points against opening new positions here.
IQS Phase
60
ordinary
Signal Strength
17
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#25 / 51
EU-UK stocks sell signals
Trade P&L %
+0.37%
from signal to date, no stop loss
Rank position
ranks 25th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 17 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly +0.66% · monthly -1.21%
ENEL belongs to the italian sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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