Rheinmetall: managing the sell in week 24
Rheinmetall rebounds 5.4% as money flow turns to buying
Rheinmetall: managing the sell in week 24
Our view last week
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.
This week's summary
Rheinmetall's sell signal has been under management for 24 weeks, with the short now above a 35% gain. This week buyers took control of the tape, 74% of volume, and money flow turned positive after three weeks in the red: the stock bounces 5.4% off the double bottom in the 918 area. The stock remains under structural pressure, with the trend still bearish per our technical analysis.
IQS Phase
44
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#47 / 56
EU-UK stocks
Trade P&L %
+35.33%
from signal to today
Rank position
ranks 47th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
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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