Thales, sell signal under management
Thales bounces 6% as the short's gain slips below breakeven
Thales, sell signal under management
Our view last week
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.
This week's summary
Thales's sell signal has been under management since week 13, and the 6% bounce that just closed erased nearly all of the short's gain, down to -1.1% below breakeven from +4.6% a week ago. The stock stays boxed between its 200-day average and the daily pivot, with buyers back to 71% of weekly volume and money flow still climbing. Earnings on July 23 are now behind it, with no shock.
IQS Phase
48
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#53 / 56
EU-UK stocks
Trade P&L %
-1.07%
from signal to today
Rank position
ranks 53rd among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
HO belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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