ENGIE: the decline cools, money flow turns positive
ENGIE flat at -0.1%: the sell signal cools as money flow turns positive
ENGIE: the decline cools, money flow turns positive
Our view last week
ENGIE drops 3.1% this week as sellers retake control after last week's bounce, with sell volume climbing to 84%. In ENGIE's technical analysis, though, the picture underneath stays lukewarm — CMF, momentum and the MACD histogram keep converging toward zero, and the ADX is losing steam. Price stays boxed between the 27 area and the 26.7 area, with the double bottom in the 26 area still the floor further down.
This week's summary
Money flow on ENGIE has just turned positive after weeks of seller pressure: last week the stock dropped 3.1% with sell volume at 84%, this week it closes essentially flat (-0.1%) and the technical picture is cooling on every front. In ENGIE's technical analysis the price stays boxed between the 26.7 area and the 27 area, with the double bottom near the 26 area still the floor. ENGIE stock remains inside a mature sell signal, with no fresh downside push.
IQS Phase
63
ordinary
Signal Strength
11
decline losing steam
Sizing
MINIMUM
Ranking
#33 / 53
EU-UK stocks
Trade P&L %
+0.48%
from signal to today
restricted Platinum content