The sell signal enters its 12th week
Infrastrutture Wireless Italiane drops 3.9% as the decline speeds up
Our view last week
After last week's attempted bounce, the sell signal on Infrastrutture Wireless Italiane bites back: sellers retake control with 98% of the volume and the stock drops 2.4%, while money flow slides further into negative territory. This week's technical picture still shows a flat ADX and a MACD that keeps edging closer to its Signal line: the decline continues, without truly speeding up. The trade has been under management for 11 weeks, up 6.47%.
This week's summary
After last week's -2.4%, the decline in Infrastrutture Wireless Italiane speeds up: this week it drops 3.9%, with sellers taking 100% of volume and ADX turning back up after weeks of standing still. RSI slips to 31.7, near oversold, while price stays squeezed between a support and a resistance within a single ATR of each other. The short has been under management since its 12th week, up more than 10%.
IQS Phase
78
in tension
Signal Strength
75
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#3 / 46
EU-UK stocks
Trade P&L %
+10.12%
from signal to date, no stop loss
Rank position
ranks 3rd among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 75 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV2
Sector regimein positive regime
Performanceweekly -1.33% · monthly +1.33%
INW belongs to the italian sector (reference ETF EXV2). The sector is classified in positive regime according to our weekly reading.
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