Lojas Renner: earnings hit, sell signal builds
Lojas Renner stock drops 8.9% after earnings as the sell signal gains strength
Lojas Renner: earnings hit, sell signal builds
Our view last week
Lojas Renner shares close the week up 2.5%, yet sellers still barely edged the last bar and volume keeps contracting: the confirmation week for the fresh sell signal stays open. In our technical analysis, signal strength drops to 3 out of 100, a decline that started without any real push. The stock reports earnings this very week, on August 6 — extra risk on an entry our model already flags as high-risk.
This week's summary
Earnings weigh on Lojas Renner this week: the stock drops 8.9% and closes the sell signal's confirmation week in the red. Signal strength jumps to 56 out of 100, a decline now making lower lows, with the weekly ADX rising to back the trend. Yet in the last session buyers dominated 76.8% of volume — an early sign of fading to watch. In this technical analysis, Lojas Renner stock stays 4th among 17 Rest of the World sell signals.
IQS Phase
69
in tension
Signal Strength
56
decline starting to make lower lows
Sizing
STANDARD
Ranking
#4 / 17
Rest of the World stocks sell signals
Trade P&L %
+6.63%
from signal to date, no stop loss
Rank position
ranks 4th among the 17 sell signals for titoli resto del mondo in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly +3.25% · monthly +3.95%
LREN3 belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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