Mercedes-Benz: the decline slows down but holds
Mercedes-Benz drops 1.6% as the decline tightens between two moving averages
Mercedes-Benz: the decline slows down but holds
Our view last week
This week's technical analysis on Mercedes-Benz shows a 3.5% bounce, but the tape tells a different story underneath: money flow, already negative last week, has slipped further into the red, and the weekly ADX is climbing — a sign the downtrend is gaining conviction. Price stays boxed in a tight band, between resistance in the 45.8 area and support in the 45.4 area. The short on this sell signal, now in its 26th week of management, is running more than 21% in the money.
This week's summary
Mercedes-Benz stays boxed into a very tight band, between the 20-day moving average in the 45.15 area and the daily Bollinger Band midline in the 44.76 area, with the ADX at 27.8: the decline is gaining conviction even though this week's drop was modest, just 1.6%. Money flow in Mercedes-Benz stock stays negative, though it has eased a touch, while sellers kept the last bar. The short, now in its 26th week of management, is running more than 23% in the money.
IQS Phase
75
in tension
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#38 / 56
EU-UK stocks
Trade P&L %
+23.20%
from signal to today
Rank position
ranks 38th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimeweak phase
Performanceweekly -2.23% · monthly -0.78%
MBG belongs to the european sector (reference ETF EXHG). The sector is classified weak phase according to our weekly reading.
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