Sell signal, week 2: a 10% bounce back
Qualicorp stock rebounds 10.1% as the sell signal's confirmation week closes higher
Sell signal, week 2: a 10% bounce back
Our view last week
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.
This week's summary
Qualicorp's sell signal has reached its second week, the confirmation week, and the confirmation closed higher: our technical analysis shows the stock rebounding 10.1% and returning to resistance in the 1.55 area. Signal strength fades to 37 out of 100 — a decline losing steam — on a highly volatile name currently rated as not recommended for trading.
Sell signal in observation
·2nd week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
68
in tension
Signal Strength
37
decline losing steam
Sizing
REDUCED
Ranking
#5 / 18
Rest of the World stocks sell signals
Trade P&L %
-10.07%
from signal to date, no stop loss
Rank position
ranks 5th among the 18 sell signals for titoli resto del mondo in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -0.01% · monthly +1.89%
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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