Orange: signal flips from short to fresh buy
Orange stock rises 2.5% as the signal flips from short to buy
Orange: signal flips from short to fresh buy
Our view last week
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%.
This week's summary
Orange's signal has flipped direction: after 6 weeks short for a 5.4% gain, Orange stock rises 2.5% this week and triggers a fresh buy signal. The technical analysis still calls for caution: Orange sits last in our European-UK ranking, with signal strength at just 43 out of 100, strong buying volume but a distribution phase still open on the short term.
IQS Phase
42
ordinary
Signal Strength
43
medium · weak
Sizing
REDUCED
Ranking
#12 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 12th among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 43 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV2
Sector regimeweak phase
Performanceweekly +1.09% · monthly -1.64%
ORA belongs to the european sector (reference ETF EXV2). The sector is classified weak phase according to our weekly reading.
restricted Platinum content