The bounce stalls, sellers move back in front
Prysmian stock falls 3.1%: the decline holds and loses steam
Our view last week
Prysmian stock edges up just 1.5% this week, but 74% of the volume is still on the sell side: the bounce isn't fully convincing. Underneath, though, the decline is losing its edge — momentum is easing and the ADX is fading, a sign the trend is running out of conviction. Price stays boxed between the 127 and 128 areas, with the short now up 5.3% since entry.
This week's summary
Prysmian stock slips 3.1% this week, breaking off the bounce of the previous two weeks. Rejection bars stay mixed, the phase is still indecisive and sellers edge back in front, with distribution still underway. Underneath, though, the decline is losing its edge: the ADX has been falling for 11 weeks, a sign the bearish push is fading, while price stays boxed between the 124 and 126 areas. The sell signal is now in its 7th week, with the short up 8.18% since entry.
IQS Phase
62
ordinary
Signal Strength
28
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#24 / 46
EU-UK stocks
Trade P&L %
+8.18%
from signal to date, no stop loss
Rank position
ranks 24th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 28 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
PRY belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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