ENGIE: money flow turns negative after 5 weeks
ENGIE stock sheds 1.7% as money flow turns negative after 5 positive weeks
Our view last week
ENGIE stock sheds another 3.7%, and the week closes with sellers commanding 89% of volume, up from 66% seven days ago. The technical picture is deteriorating on several fronts: the ADX keeps sliding for a fourth straight week, the MACD is losing steam, and the price just broke down through the recent highs, extending a sequence of lower highs from the 28 area toward 27. The sell signal, now in its 14th week, keeps finding fresh ground.
This week's summary
Money flow on ENGIE stock just turned negative after 5 straight positive weeks, sellers now command 93% of weekly volume, and the daily chart's sequence of lower highs continues, running from the 28 area toward 26. The sell signal stays active, with the price still far from its historical highs and no nearby resistance to stop it. This week's technical analysis shows a decline that's losing pace in size but not in seller pressure.
IQS Phase
79
in tension
Signal Strength
17
decline losing steam
Sizing
MINIMUM
Ranking
#32 / 46
EU-UK stocks
Trade P&L %
+6.30%
from signal to date, no stop loss
Rank position
ranks 32nd among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 17 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -0.76% · monthly -5.85%
ENGI belongs to the european sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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