Support breaks, the signal flips
Qualicorp drops 12.6% and breaks its double bottom: a fresh sell signal fires
Support breaks, the signal flips
Our view last week
Qualicorp shares slide another 7% this week, but the price keeps defending the double bottom in the 1.5 area, from which it had already rebounded 14%. Buyers stay thin underneath - only 12.5% of daily volume on the buy side - yet the Buy signal that fired three weeks ago remains the strongest of the ten Rest-of-World Longs, with a signal strength of 86 out of 100. The first week's confirmation closed bullish: for now, discipline calls for holding the position unchanged.
This week's summary
The double bottom Qualicorp had been defending for weeks has given way: the stock drops 12.6% and breaks down through the 1.5 area, the same level buyers had twice stepped in to defend. Qualicorp's technical analysis this week shows a fresh sell signal, the second-strongest of the 18 Rest-of-World sell signals, with strength maxed out at 100 out of 100: lower lows, pace holding, no sign the decline is running out of steam.
Fresh sell signal
·1st week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
85
in tension / maturity
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#2 / 18
New rest of the world stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 2nd among the 18 sell signals for titoli resto del mondo in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly +0.92% · monthly +6.01%
QUAL3 belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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