The sell signal regains ground after the pause
Mercedes-Benz sheds 2.8% as sellers retake control, last week's bounce fades
The sell signal regains ground after the pause
Our view last week
Week 24 of the sell signal on Mercedes-Benz Group, and the week closed with a 4.4% bounce after 3 consecutive weeks of declines. The technical picture stays split: buying volume has turned dominant again and CMF has nearly flattened out, but MACD remains in negative territory and price keeps moving inside a tight band between a nearby support and resistance.
This week's summary
Mercedes-Benz's rebound of 4.4% last week didn't last: this week's technical analysis shows the stock down 2.8%, with sellers back in control and money flow turned negative again. A double bottom is forming on the daily chart in the 43 area, but price stays boxed between two very close levels. This swing trading sell setup, now in its 25th week of management, has the short more than 24% in the money.
IQS Phase
76
in tension
Signal Strength
26
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#24 / 54
EU-UK stocks
Trade P&L %
+24.55%
from signal to today
restricted Platinum content