Leonardo, a technical bounce ahead of earnings
Leonardo climbs 3% as the Sell signal holds ahead of earnings
Leonardo, a technical bounce ahead of earnings
Our view last week
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.
This week's summary
Leonardo shares confirm the rebound flagged last week: after the bullish engulfing bar that showed up on the daily chart, the stock climbs 3% and bounces off its own EMA20, with a touch in the 50 area and a 4% recovery from there. The Sell signal, open for 13 weeks, still holds its direction but shows the first signs of fatigue; volatility stays high and earnings land this week, with the short still up just under 1%.
IQS Phase
39
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#54 / 56
EU-UK stocks
Trade P&L %
+0.83%
from signal to today
Rank position
ranks 54th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
LDO belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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