Oi: the sell-off keeps building, CMF sinks further
Oi drops 7.5% after its record crash, and the decline keeps its grip
Oi: the sell-off keeps building, CMF sinks further
Our view last week
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.
This week's summary
Oi's Sell signal has been under management for 22 weeks, with the short now past 72% in profit. Over the last four weeks volume has been almost entirely on the sell side, CMF has kept sliding further negative, and the weekly ADX keeps climbing: the decline is gaining conviction, not losing it. After the 33.3% crash seven days ago, this week Oi stock gave back a smaller 7.5%, but the technical picture still shows no sign of exhaustion.
Ongoing decline
·22nd week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12 (est.)
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IQS Phase
76
in tension
Signal Strength
67
isolated weekly drop
Sizing
STANDARD
Ranking
#2 / 18
Rest of the World stocks
Trade P&L %
+72.39%
from signal to date, no stop loss
Rank position
ranks 2nd among the 18 sell signals for titoli resto del mondo in our ranking, with a signal strength of 67 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein positive regime
Performanceweekly +1.83% · monthly -1.37%
OIBR4 belongs to the communication services sector (reference ETF XLC). The sector is classified in positive regime according to our weekly reading.
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