Leonardo: the Sell signal stays in the balance
Leonardo slips 2.1% as the Sell signal stays locked in its range
Leonardo: the Sell signal stays in the balance
Our view last week
After last week's 13.6% surge that seemed to have ended the bearish case, this week Leonardo shows its bearish face again: sellers dominated the tape (82% of volume), money flow turned negative again after the prior week's brief turn, and the stock gives back 1.4%. Price still sits boxed into a tight corridor between the daily pivot point, in the 51.8 area, and its own 20-day average, in the 51.3 area: neither side is taking real control.
This week's summary
Leonardo shares remain stuck in a Sell signal at week 13 of management, with the short more than 3.7% in profit. After last week's 13.6% surge that seemed to have closed the bearish case, the stock turns lower again: it sheds 2.1% this week and stays boxed into a very tight corridor, between the 51 area and the 50.3 area. On the daily chart, though, a bullish engulfing bar shows up worth watching, while money flow has just turned back positive.
IQS Phase
47
ordinary
Signal Strength
22
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#26 / 53
EU-UK stocks
Trade P&L %
+3.70%
from signal to today
restricted Platinum content