Sell signal in observation · week 4
Pirelli gains 1.4% yet closes in the lower part of its range as the short runs out of push
Our view last week
Pirelli closes higher for a second straight week, up 1.3%, yet without conviction: volume is contracting and sellers edged ahead in the weekly bar. The corridor has narrowed, and Pirelli stock sits wedged between the 50-day moving average, in the 6.50 area, and the 20-week moving average, in the 6.47 area. Technical analysis shows a sell signal in week 3 that has run out of push, with signal strength at 2 out of 100: little room for swing trading, and opening a short here remains high-risk.
This week's summary
A third straight weekly gain for Pirelli, up 1.4%, with a detail that cools the mood: a new 7-day high in the 6.79 area that the close did not confirm, and a weekly candle that finished in the lower part of its range. Pirelli stock did reclaim its 50-day moving average, in the 6.52 area, which capped it a week ago. On our technical analysis the sell signal stays out of push, strength stuck at 2 out of 100: for swing trading, a short trade setup here remains high-risk.
IQS Phase
61
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#84 / 89
EU-UK stocks sell signals
Trade P&L %
-3.38%
from signal to date, no stop loss
Pirelli & C. (PIRC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 84th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorItalian
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
PIRC belongs to the italian sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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