Ongoing decline · week 13
MFE-MediaForEurope drops 6.8% and sets a new 90-week low on the weekly close
Our view last week
After a week with 90% of trading on the sell side, buyers are back at 54% on MFE-MediaForEurope stock and the drop slows to 1.3%. The price action stays bearish: the price is working close to its lows, between the daily Inversion Point in the 2.38 area and the lower daily Bollinger Band in the 2.28 area. Technical analysis of a decline that is slowing down: the short is 16.3% in profit since entry.
This week's summary
MFE-MediaForEurope lost 6.8% and set a new 90-week low, confirmed by the weekly close: after last week's pause, the decline has picked up speed again. Price action on MFE-MediaForEurope stock stays bearish, with money flow weakening sharply and the ADX rising for 11 weeks. The one counterweight is the weekly RSI at 27, in oversold territory. Technical analysis of a mature sell signal for swing trading: the short is 21.9% in profit since entry.
IQS Phase
71
in tension
Signal Strength
39
decline starting to make lower lows
Sizing
REDUCED
Ranking
#35 / 89
EU-UK stocks
Trade P&L %
+21.92%
from signal to date, no stop loss
MFE-MediaForEurope (MFEA) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 35th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 39 out of 100.
Sector context
SectorItalian
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
MFEA belongs to the italian sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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