Mercedes-Benz: 27 weeks into a managed decline
Mercedes-Benz stock bounces 4.4% but the decline stays boxed under the 48 area
Mercedes-Benz: 27 weeks into a managed decline
Our view last week
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.
This week's summary
Mercedes-Benz's Sell signal has been under management for 27 weeks, and this week closed with a 4.4% bounce, the third straight higher daily low, with Mercedes-Benz stock boxed into a tight band between the 46.7 and 46.8 areas. The short is running near 20% in profit, but thin buyer participation and money flow still in the red say the decline hasn't let go yet.
IQS Phase
66
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#44 / 47
EU-UK stocks
Trade P&L %
+19.85%
from signal to date, no stop loss
Rank position
ranks 44th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +4.15% · monthly +3.15%
MBG belongs to the european sector (reference ETF EXHG). The sector is classified in strong phase according to our weekly reading.
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