Hermes: the decline slows as CMF and MACD improve
Hermes International gains 2.4% as the decline loses steam
Hermes: the decline slows as CMF and MACD improve
Our view last week
Money flow on Hermes International is starting to turn: after weeks of negative pressure the CMF is climbing and the weekly MACD keeps improving for a third straight week, with buyers still holding 70% of volume. Price stays flat, though, just like seven days ago when buyers had jumped to 80%, and the stock is boxed between two nearby technical levels. This week's technical analysis update tracks whether the stalled Sell signal, now in its 24th week, finally breaks free.
This week's summary
Money flow on Hermes International keeps improving for a fourth straight week, and the weekly MACD along with it: after the double bottom in the 1570 area the stock gained 2.4%, its best move in a month, but it remains boxed between two nearby technical levels. The Sell signal has been under management for 25 weeks, with the short more than 17% in profit; buyers still hold a slight majority of volume (72%), while the trend loses conviction and earnings approach on July 29.
IQS Phase
55
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#50 / 53
EU-UK stocks
Trade P&L %
+17.15%
from signal to today
restricted Platinum content