Hermès, decline still boxed between two levels
Hermès slips 2.3%, still boxed between two nearby technical levels
Hermès, decline still boxed between two levels
Our view last week
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.
This week's summary
Hermès's sell signal has been under management for 25 weeks, with the short more than 19% in profit. After last week's 2.4% rebound, the stock gave back 2.3% this week as sellers retook control of volume, 64%. Price remains boxed between two nearby technical levels, with quarterly earnings due July 29.
IQS Phase
52
ordinary
Signal Strength
21
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#25 / 56
EU-UK stocks
Trade P&L %
+19.02%
from signal to today
Rank position
ranks 25th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 21 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH7
Sector regime
Performanceweekly coming soon · monthly coming soon
RMS belongs to the european sector (reference ETF EXH7).
restricted Platinum content