Iveco Group: the decline stalls in week 13
Iveco Group slips 0.1% as the sell signal stays boxed into the 13.90-13.98 range
Iveco Group: the decline stalls in week 13
Our view last week
Iveco Group's price tested the technical floor this week — the 20-day moving average, the daily Ichimoku cloud base and the lower Bollinger Band, all in the 13.89-13.95 area — and was firmly rejected there, rallying to a fresh 7-day high. The advance stayed tiny, +0.3%, but the volume mix flipped: 80% of trading turned to the buy side, up from 46% last week. The sell signal, now in its 12th week, is starting to lose its edge.
This week's summary
Iveco Group's sell signal has reached its 13th week, and the latest one gave back just 0.1%, after last week's 3% bounce off the technical floor in the 13.90-13.95 area. Buyers have eased off a touch — buy volume drops to 57% from 80% a week ago — but underneath, money flow has turned positive for the first time in a month and the weekly MACD keeps smoothing out. The short is barely in profit, at +0.18%.
IQS Phase
54
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#48 / 53
EU-UK stocks
Trade P&L %
+0.18%
from signal to today
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