Sell signal · week 13 · short up 57%
Gafisa bounces 8% with the weekly RSI at 20 while daily highs keep stepping lower
Our view last week
Gafisa stock slips another 3.8% and sellers keep 75% of the weekly bar's volume, with price action still in distribution. On the daily chart, though, price bounced 4% off its 20-day average, in the 0.24 area, and money flow improves for a 4th straight week. With the weekly RSI at 19, deep in oversold territory, the technical analysis points to a decline that is slowing: the short is worth more than 60% since entry.
This week's summary
After 2 down weeks Gafisa bounces 8%, with the weekly RSI stuck at 20, deep in oversold territory, and money flow improving for a 5th straight week while still negative. A week ago the technical analysis pointed to a slowing decline: the recovery has now arrived, and Gafisa stock still sits below its 7-day high, in the 0.29 area, inside a daily price action of lower highs. From a swing trading view, the short is up 57% since entry.
IQS Phase
62
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#7 / 9
Rest of the World stocks
Trade P&L %
+57.14%
from signal to date, no stop loss
Gafisa (GFSA3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 7th among the 9 sell signals for titoli resto del mondo in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
GFSA3 belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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