Italgas stock: the decline speeds up in week 4 of the sell signal
Italgas stock drops 11% in a week as the decline keeps making lower lows
Italgas stock: the decline speeds up in week 4 of the sell signal
Our view last week
Italgas's sell signal keeps losing pace: signal strength drops from 25 to 4 out of 100, its lowest point yet, while the stock gives up just 0.7% this week. On the daily chart a weak double bottom forms in the 9.9 area, but volumes stay contracted and earnings land this very week. Italgas stock sits in weekly technical analysis, 39th among the 56 European sell signals, with trading not recommended per our model.
This week's summary
Italgas stock drops 11% in a single week, the sharpest leg down since the Sell signal began: sellers dominate turnover and the price breaks the 7-day low. Technically speaking, the signal is now in its 4th week and climbs to 4th place among the 47 European sell signals, with signal strength rising to 67 out of 100, the signature of a decline making lower lows with real conviction behind it. The trade already sits at a 9.84% gain, and our model still flags fresh short entries as high-risk.
IQS Phase
79
in tension
Signal Strength
67
decline starting to make lower lows
Sizing
STANDARD
Ranking
#4 / 47
EU-UK stocks sell signals
Trade P&L %
+9.84%
from signal to date, no stop loss
Rank position
ranks 4th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 67 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -3.06% · monthly -0.68%
IG belongs to the italian sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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