Sell signal under management, week 15
FMC drops 5.2%, breaking down through the range above the 11 area after earnings
Sell signal under management, week 15
Our view last week
FMC's rebound has stalled: after last week's recovery, sellers are back in control with 74% of volume, while money flow — climbing for a month — has nearly flatlined. The price stays boxed in a tight range above the double bottom in the 11 area, with earnings due this week. FMC stock has been under management for 13 weeks, with the short more than 24% in the money.
This week's summary
After days boxed in just above the 11 area, FMC stock dropped 5.2% and broke down: sellers are back in control with 60% of the day's volume, while money flow — climbing for a month — has nearly flatlined. Earnings, out just days ago, didn't stop the slide. The Sell signal is in its 15th week, with the short more than 28% in profit: weekly technical analysis of the case.
IQS Phase
77
in tension
Signal Strength
25
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#40 / 138
US stocks
Trade P&L %
+28.02%
from signal to date, no stop loss
Rank position
ranks 40th among the 138 sell signals for US stocks in our ranking, with a signal strength of 25 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly -1.62% · monthly -1.16%
FMC belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
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