Sell signal, week 20: the decline pushes lower again
Even Construtora drops 12.9% as the Sell signal pushes lower again
Sell signal, week 20: the decline pushes lower again
Our view last week
A clean double bottom in the 5.2 area gives the stock a lift: in Even Construtora's weekly technical picture, the sell signal, now in its 19th week, rebounds 14%, with this week's volume swinging entirely to the buy side and money flow turning positive after weeks in the red. The short remains solidly in profit, over 23%, but signs the decline is running out of steam keep piling up.
This week's summary
Even Construtora's Sell signal pushes lower again: after last week's bounce, this week the stock gave back 12.9%, with volume almost entirely on the sell side (93%) and the RSI down to the 32 area. In Even Construtora's weekly technical picture the short is in its 20th week of management and sits over 33% in profit; yet money flow turned positive on this very red candle — a fatigue signal worth watching.
Ongoing decline
·20th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 13
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IQS Phase
77
in tension
Signal Strength
64
decline starting to make lower lows
Sizing
STANDARD
Ranking
#3 / 16
Rest of the World stocks
Trade P&L %
+33.38%
from signal to today
restricted Platinum content