Sell signal, week 2 · EU-UK stocks
Glencore flat at +0.1%: the 20-week average holds and the Sell signal fails to get going
Our view last week
After last week's 8% drop, Glencore has paused: up 0.8%, a small-bodied weekly bar, shrinking volume and buyers back in the majority. Into this stall comes a new Sell signal on Glencore stock, with signal strength at 2 out of 100: a decline with no fresh push. The technical analysis shows the weekly MACD below its Signal line and price squeezed between the 561 and 562 areas; our model rates trading as not recommended.
This week's summary
Glencore dipped to its 20-week moving average, in the 558 area, and closed the week above it, up 0.1% on shrinking volume. The support holds and last week's Sell signal sits where it was: Signal Strength unchanged at 2 out of 100, a decline losing steam. On the technical analysis, Glencore stock is squeezed between the 561 and 565 areas with indecisive price action, a trade setup our model still rates as not recommended.
IQS Phase
39
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#77 / 89
EU-UK stocks sell signals
Trade P&L %
-0.05%
from signal to date, no stop loss
Glencore (GLEN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 77th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimeweak phase
Performanceweekly -0.36% · monthly -4.97%
GLEN belongs to the european sector (reference ETF EXV6). The sector is classified weak phase according to our weekly reading.
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