Fresh buy signal, first in its category
Oi stock: a flat week (+0.0%) opens a fresh buy signal
Our view last week
Oi stock puts together a second straight bounce, +13.6% after last week's +18.9%, with the entire week's volume still on the buy side. The real news is the ADX: after weeks of climbing, it now stalls at 55.5, a sign the trend is losing steam. The Sell signal, under management for 23 weeks and more than 62% in the money for the short, still sits in its heaviest distribution phase.
This week's summary
Oi stock stays oversold on the weekly chart, with RSI at 24.4, as the sell signal that had already banked more than 62% over seven months of management steps aside: a fresh buy signal fires, first in the Rest of the World stocks ranking with a signal strength of 84 out of 100. The ADX slows for the first time after nine straight weeks of climbing, and the entry trigger still sits above price — weekly technical analysis of Oi stock ahead of a possible long.
IQS Phase
31
ordinary
Signal Strength
84
high · wide & volatile
Sizing
FULL
Ranking
#1 / 1
New rest of the world stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks first in our fresh Longs ranking for titoli resto del mondo, with a signal strength of 84 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein strong phase
Performanceweekly -1.37% · monthly +2.01%
OIBR4 belongs to the communication services sector (reference ETF XLC). The sector is classified in strong phase according to our weekly reading.
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