Decline under watch: sellers step back in
Infrastrutture Wireless Italiane drops 1.7% as sellers return, trend gains strength
Decline under watch: sellers step back in
Our view last week
Infrastrutture Wireless Italiane is in week 5 of a sell signal, and the week just closed gained 4.5%: signal strength drops to 7 out of 100, reading a decline running out of steam. The setup quality indicator, at 63 out of 100, stays in the ordinary band, and the stock ranks 27th among the 54 European-UK sell signals.
This week's summary
After last week's 4.5% bounce, sellers came back on Infrastrutture Wireless Italiane: the week gave up 1.7% with almost 80% of trading on the sell side, and the technical picture points to a deeper distribution phase. The sell signal is now in its 6th week, with the short a modest +4% in the money; the price stays boxed into a tight band, between the 6.42 area and the 6.48 area, unable to break either way.
IQS Phase
71
in tension
Signal Strength
10
decline losing steam
Sizing
MINIMUM
Ranking
#35 / 54
EU-UK stocks
Trade P&L %
+4.24%
from signal to today
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