Third week of a buy signal losing steam
Rheinmetall stock nearly flat (-0.1%): the buy signal holds but loses steam
Our view last week
Rheinmetall stock drops 3.9% in the week following the opening of its buy signal: sellers dominate heavily, buy volume is contracting, and money flow has turned negative. On the daily chart, though, the price keeps building higher lows. The signal still holds, ranking 5th among 70 open European Longs, with a signal strength of 83 out of 100: our weekly technical analysis says follow it with discipline, without ignoring the warning signs.
This week's summary
On the daily chart Rheinmetall is carving out three progressively lower highs, from the 1240 area toward the 1190 area, while daily money flow stays negative and the weekly ADX loses conviction. Our technical analysis on Rheinmetall stock shows a buy signal that is holding, in its third week, but with 4 warning signals out of 11 in the weekly price reading: the picture calls for more caution than in the opening weeks.
IQS Phase
44
ordinary
Signal Strength
83
high · wide & volatile
Sizing
FULL
Ranking
#5 / 65
EU-UK stocks in progress
Trade P&L %
+0.72%
from signal to date, no stop loss
Rank position
ranks 5th among the 65 Longs already running for European-UK stocks in our ranking, with a signal strength of 83 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +0.71% · monthly +4.40%
RHM belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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