Sell signal, week 11 · Brazilian healthcare
Qualicorp climbs 8.3% as money flow turns positive after 5 weeks below zero
Our view last week
Qualicorp stock's rebound faded fast: the week closed down 5.5% with 95% of volume on the sell side, a week after buyers had held 76%. The price action has turned to distribution, and the price, which had brushed the Inversion Point, is backing away from it. It now trades in a tight band between the daily Bollinger Band midline, in the 1.57 area, and the 7-day low, in the 1.55 area.
This week's summary
Money flow is back in positive territory after 5 weeks and the week closed up 8.3%: Qualicorp stock is above its 20-week average again, after last week's stumble. The close and the Inversion Point, in the 1.67 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
IQS Phase
40
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#9 / 9
Rest of the World stocks
Trade P&L %
-21.58%
from signal to date, no stop loss
Qualicorp (QUAL3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 9th among the 9 sell signals for titoli resto del mondo in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -2.65% · monthly -3.91%
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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