The rally stalls: Prysmian flips to a fresh Sell signal
Prysmian sheds 7.7% as 26 weeks of gains give way to a fresh Sell signal
The rally stalls: Prysmian flips to a fresh Sell signal
Our view last week
Prysmian is in week 26 of a buy signal, and the coverage of our most advanced model is now complete: all 3 targets were hit in the early weeks of the trade. The residual capital, the untrimmed share left after the timed windows, is now running at +62.77% from entry, with a trailing stop following the weekly Inversion Point.
This week's summary
Prysmian closed the week down 7.7%, and the picture has flipped: after 26 weeks in a buy trade running at +62.77%, a fresh Sell signal has just opened, third-strongest among the 54 European sell signals. The stock is still 94% above its 200-week average: there is still room to fall. Our model flags high-risk conditions for anyone looking to open a new short here.
IQS Phase
57
ordinary
Signal Strength
93
decline starting to make lower lows
Sizing
STANDARD
Ranking
#3 / 54
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
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