New sell signal: 2nd of 54 in Europe
Italgas drops 3.2%: a new sell signal fires with sellers in control
New sell signal: 2nd of 54 in Europe
Our view last week
Italgas has closed out the model's coverage: all 3 price references have been hit, and the residual capital now continues with a trailing stop on the Inversion Point, in the 10 area. On the technical side, the week just closed was down, with selling volume slightly higher, but the capital flow remains in buying mode and momentum has improved versus a month ago: a mixed picture, worth watching without alarm.
This week's summary
A new sell signal has just fired on Italgas, flipping the picture from recent weeks: the stock shed 3.2%, with only 6.7% of volume on the buy side and sellers dominating the last bar. Signal strength is extremely high, 99 out of 100: a downtrend making lower lows, pace holding. Italgas ranks 2nd among the 54 European sell signals — a case worth following closely.
IQS Phase
83
in tension / maturity
Signal Strength
99
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#2 / 54
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
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