Hera buy signal: weak confirmation, earnings due this week
Hera slips 0.1% and stays boxed in a tight range with earnings due this week
Hera buy signal: weak confirmation, earnings due this week
Our view last week
Hera stock has closed the old sell signal, which had run out of steam, and this week opens a fresh Buy signal: first week, cautious entry. The stock bounced 3% off a clean double bottom in the 3.6 area, with money flow back on solid ground and buyers above 52% of volume. Price stays boxed into a tight corridor between the daily Bollinger Band and the 20-week average: this week's technical analysis calls for caution, with earnings two weeks away.
This week's summary
Hera stock stays boxed into a very tight corridor, between resistance in the 3.93 area and support in the 3.91 zone, after a week that closed down 0.1%. It's the confirmation week for the fresh buy signal, and the verdict is lukewarm: candle body conviction is fading, the last bar came in weak. This week's technical analysis flags earnings landing already this week, an event that could break the balance.
IQS Phase
54
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#45 / 59
EU-UK stocks in progress
Trade P&L %
-0.10%
from signal to today
Rank position
ranks 45th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimein positive regime
Performanceweekly +0.44% · monthly +3.14%
HER belongs to the italian sector (reference ETF EXH9). The sector is classified in positive regime according to our weekly reading.
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