Buy signal · week 5
MRV Engenharia bounces off its 20-day average and gains 8.9%, with the short-term cap still intact
Our view last week
Sellers ruled MRV Engenharia's weekly bar to an extreme, with buying held below 25% of volume: after last week's 8.9% drop, the stock gave up another 1.1%. MRV Engenharia stock is still on a buy signal, but the technical analysis shows a fading ADX and price action deep in distribution. Price closed below the breakeven stop flagged in last week's card (5.19 area): for anyone following that level the trade is closed.
This week's summary
MRV Engenharia rebounded 8.9% after 2 falling weeks: the bounce started at the 20-day moving average, in the 5.4 area, and carried the price back above its 20-week average. Last week the stock had closed in the lower part of its range; now the picture is mending. The technical analysis of MRV Engenharia stock is still only halfway there: weekly MACD improving, ADX falling for 6 weeks and money flow still negative. The buy signal is up 8.5% since entry.
IQS Phase
44
ordinary
Signal Strength
79
high · wide & volatile
Sizing
FULL
Ranking
#2 / 20
Rest of the World stocks in progress
Trade P&L %
+8.48%
from signal to date, no stop loss
MRV (MRVE3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 2nd among the 20 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
MRVE3 belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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