Sellers retake control
Orange slips 1.9% as sellers retake control of the tape
Sellers retake control
Our view last week
Orange's sell signal is now under management in its fifth week, and for a second week running the decline has stalled: after last week's near-flat close, the stock is up 3.7% this week, backed by dominant buyers (76% of volume) and a weekly RSI climbing back to 47.9. The ADX keeps losing conviction, and price stays boxed in a tight corridor between the 16.4 and 16.6 areas.
This week's summary
After two weeks of stalling, Orange's sell signal is on the move again: this week the stock sheds 1.9% as sellers retake control, with 86% of volume on the sell side against 76% on the buy side seven days ago. The ADX keeps losing conviction, and price stays boxed between the 16.15 and 16.18 areas. The short has been under management for 6 weeks, up 5.4%.
IQS Phase
88
in tension / maturity
Signal Strength
8
decline losing steam
Sizing
MINIMUM
Ranking
#36 / 56
EU-UK stocks
Trade P&L %
+5.41%
from signal to today
Rank position
ranks 36th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 8 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV2
Sector regimeweak phase
Performanceweekly -3.01% · monthly -8.78%
ORA belongs to the european sector (reference ETF EXV2). The sector is classified weak phase according to our weekly reading.
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