Poste Italiane: confirmation week on the Sell signal
Poste Italiane +0.2% as the confirmation week on the Sell signal stays open
Poste Italiane: confirmation week on the Sell signal
Our view last week
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.
This week's summary
After last week's plunge, Poste Italiane stock has stalled: this week closes almost flat, up 0.2%, with three lower highs in a row from the 29 area toward the 27 area. The Sell signal's confirmation week stays open: the weekly ADX is losing conviction and the price is boxed between the 26.8 and 26.1 areas, still well above its own 200-week average.
IQS Phase
47
ordinary
Signal Strength
40
isolated weekly drop
Sizing
REDUCED
Ranking
#11 / 47
EU-UK stocks sell signals
Trade P&L %
-0.23%
from signal to date, no stop loss
Rank position
ranks 11th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
PST belongs to the italian sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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