Mercedes-Benz, buy signal in week 2
Mercedes-Benz stock falls 1.8% as the buy signal's confirmation week disappoints
Our view last week
Mercedes-Benz stock shows a daily hammer, a clean rejection of the decline after a downturn, but the confirmation week of the fresh buy signal closed in the red, -2.3%. Weekly technical analysis flags 4 warnings out of 11 components: contracting volumes, an indecisive phase, sellers slightly prevalent. On the daily chart buyers stay in control, 71% of volume.
This week's summary
Mercedes-Benz stock closes the week down 1.8%, with volumes contracting and a distribution phase still underway: last week's rebound didn't hold. Weekly technical analysis reads the picture as weakly bullish, with the MACD improving but the price still below its 50-week average. The buy signal is in its second week: the confirmation closed in the red, and our model treats the entry as cautious.
IQS Phase
27
compressed / accumulation
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#59 / 70
EU-UK stocks in progress
Trade P&L %
-3.97%
from signal to date, no stop loss
Rank position
ranks 59th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +0.84% · monthly +3.39%
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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