Sell signal, week 11: the decline slows down
Lojas Renner gains 5.8% on the week, and the bounce stalls under the 50-day average
Our view last week
Sellers took 71% of the week's volume, up from 68% seven days ago, and Lojas Renner stock slipped 0.4%: a third losing week in a row. The stride is getting shorter, though, as the MACD histogram has been rising for 4 weeks and money flow, still negative, has stopped falling. The technical analysis shows a decline grinding on slowly, with the short 16.2% in profit.
This week's summary
After 3 losing weeks Lojas Renner stock climbs 5.8%, lifting off its 20-day moving average and stalling just under the 50-day one. A week ago the decline was grinding on slowly; now the technical analysis shows a move losing its grip: the MACD histogram has risen for 5 weeks and the RSI is back at 40.5, while money flow stays negative. The Sell signal is still live, with the short 11.4% in profit, down from 16.2% last week.
IQS Phase
71
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#8 / 9
Rest of the World stocks
Trade P&L %
+11.38%
from signal to date, no stop loss
Lojas Renner (LREN3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 8th among the 9 sell signals for titoli resto del mondo in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
LREN3 belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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