Open buy · confirmation week closes lower
Even slips 3.3% after its surge: the fresh 30-day high fails to hold at the close
Our view last week
After 4 down weeks, Even changes gear with a 22.1% surge: on the weekly chart the MACD is back above its signal line for the first time in 29 weeks, and on the daily chart the run of lower highs was broken on Sep 22. Even stock joins the new buy signals, first of the 2 Rest of the World Longs. The technical analysis still calls for measure: price below the 50-week average, money flow still negative and elevated volatility.
This week's summary
After its 22.1% surge, Even gives back 3.3%, and the fresh 30-day high printed during the week, in the 5 area, finds no confirmation at the close. Even stock is holding its 20-day moving average, though, with an 8% bounce off it, and the weekly MACD stays above its signal line. For last week's buy signal this is a negative confirmation week: the model has issued an early-exit warning. Technical analysis and price action call for caution, with price below its 50-week average.
IQS Phase
38
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#9 / 20
Rest of the World stocks in progress
Trade P&L %
-3.25%
from signal to date, no stop loss
Even (EVEN3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 9th among the 20 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
EVEN3 belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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