Fifth week of the buy signal, earnings just ahead
Itausa stock sheds 4.4% in earnings week as the buy signal loses steam
Fifth week of the buy signal, earnings just ahead
Our view last week
Trading latinoamerica: Itausa stock closes the week up 2.8%, but the price stays boxed in an extremely tight band - the daily pivot average just overhead, in the 13.85 area, and the daily Kumo ceiling just below, in the 13.81 area. It's the fourth week of the buy signal, and a few cracks are showing: contracting volume, a deepening distribution phase. Earnings, due August 10, are getting close and call for timing caution. Weekly technical analysis on Itausa stock.
This week's summary
Trading latinoamerica: Itausa stock sheds 4.4% in a week where sellers were firmly in control and cash flow slid into marked distribution - the same crack flagged 7 days ago, when shrinking volume gave the first warning. The buy signal is in its fifth week and losing steam, with earnings due this very week. Weekly technical analysis on Itausa stock.
Open BUY
·5th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 10
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IQS Phase
37
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#5 / 13
Rest of the World stocks in progress
Trade P&L %
-2.87%
from signal to date, no stop loss
Rank position
ranks 5th among the 13 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.16% · monthly +4.78%
ITSA4 belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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