Thales: the decline stalls with earnings near
Thales closes flat (-0.1%) as the decline stalls with earnings near
Thales: the decline stalls with earnings near
Our view last week
June's bounce lasted just one week: money flow, briefly positive, has turned negative again, sellers are back to 91% of volume, and Thales stock has dropped 6.3%. This week's technical analysis shows the MACD deteriorating again, with price boxed between the 223.5 and 220.8 areas. The short stays in profit, at 4.5%, with earnings on July 23, two weeks out, adding weight to the picture.
This week's summary
Money flow on Thales turns positive again after just one red week: the stock closes flat (-0.1%), with buyers back to 82% of volume. The decline isn't picking up steam, though: the weekly MACD keeps deteriorating and price stays boxed between a support and a resistance right on top of each other. The short is up 4.6%, with earnings on July 23 now close.
IQS Phase
49
ordinary
Signal Strength
43
isolated weekly drop
Sizing
REDUCED
Ranking
#10 / 53
EU-UK stocks
Trade P&L %
+4.62%
from signal to today
restricted Platinum content