Oi in free fall as the decline accelerates
Oi plunges 33.3%, extending a Sell signal already 21 weeks old
Oi in free fall as the decline accelerates
Our view last week
Oi's Sell signal has been under management for 20 weeks, with the short past 55% in profit. After last week's rejection at its 7-day high, the stock dropped another 9.1%: the decline presses on without let-up, the weekly RSI has caved to 20.7, and all of last session's volume was on the sell side.
This week's summary
Oi's Sell signal has been under management for 21 weeks, with the short past 70% in profit. The week just closed was the sharpest yet in the whole move: the stock dropped 33.3%, with all volume on the sell side and the weekly RSI caving to 18.4. The ADX keeps climbing, confirming the decline keeps gaining strength. Oi stock stays in free fall, with no sign of exhaustion.
Ongoing decline
·21st week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12 (est.)
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IQS Phase
76
in tension
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 18
Rest of the World stocks
Trade P&L %
+70.15%
from signal to today
Rank position
ranks 1st among the 18 sell signals for titoli resto del mondo in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimeweak phase
Performanceweekly -3.93% · monthly -0.23%
OIBR4 belongs to the communication services sector (reference ETF XLC). The sector is classified weak phase according to our weekly reading.
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