Decline, week 6: sellers regain the upper hand
Lojas Renner drops 2.6%: sellers retake control of the volume
Our view last week
Lojas Renner is a sell signal in its fifth week, and the pace of the decline is shifting: after last week's 9.5% plunge, this week's drop eases to 2%. The real news is in volume: after five weeks of seller dominance, buyers step back into the lead, 65% of the trading. RSI slips to 30.9, near oversold territory, while the price stays below every structural average. The short is running more than 17% in profit.
This week's summary
Money flow into Lojas Renner shares flips back toward sellers: after last week's brief buyer rebound, the latest bar sees 78% of the volume on the sell side, the most one-sided in weeks. The decline continues at a slower pace, -2.6%, yet the ADX keeps climbing for a 4th straight week and the trend gains conviction. RSI slips to 29.8, near oversold. The short on Lojas Renner stock is running over 19% in profit.
IQS Phase
74
in tension
Signal Strength
27
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#4 / 23
Rest of the World stocks
Trade P&L %
+19.37%
from signal to date, no stop loss
Rank position
ranks 4th among the 23 sell signals for titoli resto del mondo in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly -0.69% · monthly +5.02%
LREN3 belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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