Money flow keeps favoring the buyers
Rheinmetall gains 9.9%: a second bounce off the 20-day average ahead of earnings
Money flow keeps favoring the buyers
Our view last week
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.
This week's summary
Rheinmetall accelerates higher: up 9.9% this week, the second bounce off the 20-day moving average in the 1060 area. Buyers still control the tape (69% of volume), and money flow, back positive last week, holds firm again now, with the MACD histogram closing in on zero. Earnings are due this week, August 6: possible added volatility.
IQS Phase
52
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#45 / 47
EU-UK stocks
Trade P&L %
+28.95%
from signal to date, no stop loss
Rank position
ranks 45th among the 47 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 strong phase
Performanceweekly +2.11% · monthly +0.81%
RHM belongs to the european sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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