EN IT

E.ON SE: nine-week sell signal running out of steam

E.ON SE carries a nine-week sell signal with strength nearly gone, at 2 out of 100. A confirmation week closing bullish and a trading-not-recommended band both point to the same conclusion: exit the position.

In Summary
E.ON SE is nine weeks into a sell signal that has almost run dry: strength is down to 2 out of 100, near zero. The confirmation week closed bullish, signalling that bearish pressure is fading. Our model flags trading not recommended and points to exiting the position.
Sell signal in observation ·8th week from start ·EU-UK stocks ·T2
IQS Phase
68
in tension
Signal Strength
2
low · fading
Sizing
MINIMUM
Ranking
#48 / 57
EU-UK stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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