Prysmian: decline making lower lows
Prysmian stock sheds 5.3% as the decline stacks up 4 lower highs
Prysmian: decline making lower lows
Our view last week
Prysmian's bounce stalled right where our model expected it to: the stock tested its 100-day moving average in the 129 area and was firmly rejected, closing the week up 1.2%. The Sell signal enters its third week and strength drops to 38 out of 100: the decline is losing pace without truly reversing course. The stock is still nearly 80% above its 200-week average, and earnings on July 30 land this very week.
This week's summary
Prysmian stock closes the week down 5.3%, with a sequence of 4 lower highs sliding from the 140 area toward 128: a technical analysis picture of an orderly decline, not an isolated drop. The Sell signal is in its 4th week and strength eases to 43 out of 100 — decline still making lower lows, pace holding. The stock is still nearly 69% above its 200-week average.
Sell signal in observation
·4th week from start
·EU-UK stocks
·T2
·📅 Earnings · Jul 30
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IQS Phase
75
in tension
Signal Strength
43
decline starting to make lower lows
Sizing
REDUCED
Ranking
#10 / 47
EU-UK stocks sell signals
Trade P&L %
+11.00%
from signal to date, no stop loss
Rank position
ranks 10th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 43 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
PRY belongs to the italian sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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