Rheinmetall's decline slows in its 24th week
Rheinmetall dips 0.8% as its 24-week-old decline takes a breather
Rheinmetall's decline slows in its 24th week
Our view last week
Rheinmetall's 15.5% bounce last week didn't last: this week the stock gave it back and more, dropping 9.3% with sellers dominating 91% of the trading volume. The Sell signal, under management for 23 weeks, holds its ground — the ADX is climbing, confirming the trend is gaining conviction — while the short runs at more than 38% in the money.
This week's summary
After last week's 9.3% plunge, Rheinmetall stock has all but stalled: this week's drop is a mere 0.8%, and for the first time in a while buyers made up the majority of the volume. The double bottom in the 918 area is holding, with a 27% intermediate rebound, but the last bar shows early signs of buyer fatigue. The sell signal stays under management, with the short more than 38% in the money.
IQS Phase
51
ordinary
Signal Strength
38
decline losing steam
Sizing
REDUCED
Ranking
#15 / 53
EU-UK stocks
Trade P&L %
+38.66%
from signal to today
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