Sell signal under management, earnings due today
ENGIE stock slips 2.4% but bounces off its EMA20 as earnings land today
Sell signal under management, earnings due today
Our view last week
ENGIE stock rebounds 3.5% off the double bottom in the 26 area, but the rally slams straight into the wall around 27.9 — the daily Kumo ceiling, already rejected four times. The sell signal has been under management for 11 weeks, with the short slightly underwater, at -2.96%. Money flow has turned positive and the ADX is losing steam: the trend no longer carries the conviction it had a month ago.
This week's summary
ENGIE stock sheds 2.4% over the past week, but inside that number sits a 4% bounce off the touch on its 20-day moving average, in the 26 area. In ENGIE's technical analysis the ADX keeps sliding (from 37 to 35) and the RSI drops to 54: the sell signal, under management for 13 weeks, is struggling to find fresh drive. Earnings land today, and the risk of a volatility swing is rising.
IQS Phase
54
ordinary
Signal Strength
23
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#24 / 47
EU-UK stocks
Trade P&L %
-0.44%
from signal to date, no stop loss
Rank position
ranks 24th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 23 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -3.06% · monthly -0.68%
ENGI belongs to the european sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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