Renner: stalled buy, down 4.94%
Lojas Renner slips 1.2% and stays boxed between support and resistance
Renner: stalled buy, down 4.94%
Our view last week
Lojas Renner is in week 3 of a buy in the Rest of the World stocks category, ranking 4th among the 6 Longs already running there, now down 3.77% from entry. The confirmation week closed bearish and the model would suggest exiting, but the stop has turned dynamic and stays tighter than the structural level: the trade continues under discipline. The price sits compressed between a nearby resistance and support.
This week's summary
Lojas Renner shares are stuck right where we left them last week: the price is compressed into a very tight band, between the daily Kumo ceiling in the 14.63 area and the 50-day moving average in the 14.60 area. The week slipped 1.2% and the trade has widened to a 4.94% loss from entry; the buy signal is fading, in a picture of weak conviction and elevated volatility to be managed with discipline.
Open BUY
·4th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 6
★ See Gold version →
IQS Phase
34
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#7 / 8
Rest of the World stocks in progress
Trade P&L %
-4.94%
from signal to today
restricted Platinum content