MediaForEurope: sellers take back control
MediaForEurope stock drops 1.3% as sellers take back control this week
Our view last week
After last week's 2.7% bounce, MediaForEurope stock stalls: this week closes flat, buyers lose steam (buy volume falls from 74% to 55%), and the price stays capped at the 7-day high, in the 2.73 area. The weekly technical analysis shows ADX still low, a sign the picture hasn't picked a clear direction. The sell signal has been open for 5 weeks, with the short up 3.7%.
This week's summary
This week the sellers take back control on MediaForEurope stock: the price drops 1.3%, sell volume climbs to 81% and money flow, positive for the past month, turns negative again. It's the most aggressive week yet for the Sell signal, now in its seventh week, with the short up 5%. The weekly technical analysis shows the ADX rising for a fifth straight week: the downtrend is gaining conviction.
IQS Phase
75
in tension
Signal Strength
16
decline fading out
Sizing
MINIMUM
Ranking
#34 / 46
EU-UK stocks
Trade P&L %
+5.01%
from signal to date, no stop loss
Rank position
ranks 34th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 16 out of 100.
Sector context
SectorItalian
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
MFEA belongs to the italian sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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