4th weekly gain in a row, money flow turns negative
Pirelli adds 0.2% but money flow turns negative after 21 weeks above zero
Our view last week
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.
This week's summary
A fourth straight weekly gain for Pirelli, just 0.2%, and this time the news sits beneath the price: money flow has turned negative after 21 weeks above zero. Pirelli stock still holds the 50-day moving average it reclaimed a week ago, but the climb stalled against the daily Kumo and the weekly candle again closed in the lower part of its range. On our technical analysis the candles stay indecisive: for swing trading, a short trade setup here remains high-risk.
IQS Phase
57
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#90 / 93
EU-UK stocks
Trade P&L %
-3.54%
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 90th among the 93 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorItalian
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +2.55% · monthly +0.35%
PIRC belongs to the italian sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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