Infineon: the uptrend breaks, a sell signal fires
Infineon drops 12.2% and opens Europe's strongest sell signal
Infineon: the uptrend breaks, a sell signal fires
Our view last week
Infineon slips 6.3% this week, the third straight down week after the strong summer run, and the price retests the 72 area, where a clean double bottom already produced a 26% rebound just days ago. The weekly structure stays intact - moving averages aligned, price above the Ichimoku cloud - but money flow has nearly halved over the past month. The trade, open for 12 weeks, is still up 48%.
This week's summary
Infineon technical analysis: the uptrend has broken. After twelve weeks of gains that reached as high as 48%, the stock drops 12.2% this week and our model opens a fresh Sell signal - the strongest of all 53 European sell signals, with a signal strength of 100 out of 100. The decline is making lower lows, pace holding, with no sign of exhaustion. The quality band flags trading as not recommended.
IQS Phase
43
ordinary
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 53
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content