MRV Engenharia: the decline regains its footing
MRV Engenharia drops 7.7% as the decline resumes making lower lows
MRV Engenharia: the decline regains its footing
Our view last week
MRV Engenharia is in the seventeenth week of a sell signal, and this week the price gained 3.6%, climbing back toward the Inversion Point: signal strength drops to 2 out of 100, a decline now near its end. The stock ranks 16th among the 22 sell signals on Rest of the World stocks, with the setup quality indicator at 65 out of 100.
This week's summary
MRV Engenharia's Sell signal has been under management for 18 weeks, with the short past 34% in profit. Last week's bounce toward the Inversion Point read like a decline running out of road; this week that story flips, with a 7.7% drop and sellers back in control of volume, 70% of the tape. The ADX is climbing, the trend regaining conviction: the weekly technical picture points to a continuation.
IQS Phase
77
in tension
Signal Strength
32
decline starting to make lower lows
Sizing
REDUCED
Ranking
#5 / 21
Rest of the World stocks
Trade P&L %
+34.77%
from signal to today
restricted Platinum content