Fresh sell signal on Poste Italiane
Poste Italiane drops 6.1% as a fresh sell signal opens, first among 56
Fresh sell signal on Poste Italiane
Our view last week
Poste Italiane closes the week down 3%, with sellers back in control of 65% of turnover. It's an extension of the pause that opened seven days ago: price stays boxed between support in the 27.7 area and resistance in the 28.3 area, while the weekly RSI keeps cooling, down to 68 from 74.7 a week earlier. The swing trade's gain slips to 23.9% since entry.
This week's summary
Poste Italiane closes the week down 6.1% and opens a fresh sell signal, first among the 56 European stocks in decline in our ranking. The price carved out a double bottom in the 27 area, with an intermediate 9% rebound, but the last session saw sellers take back control in extreme fashion. Poste Italiane stock stays well above its own 200-week average: our weekly technical analysis reads a decline that is still healthy, with no sign of exhaustion.
IQS Phase
50
ordinary
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 56
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 1st among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
PST belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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