Hermès: the decline regains pace
Hermès stock: -6.8% this week as sellers retake control
Hermès: the decline regains pace
Our view last week
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.
This week's summary
Hermès stock drops 6.8% in the week just closed, the heaviest of the last four: sellers retake control of volume, at 72%, and momentum collapses into negative territory. After the rebound of two weeks ago, the sell-off regained pace and money flow keeps worsening, with price boxed between two nearby technical levels. Our swing trading short now sits above 24% profit, with the July 29 earnings report behind it.
IQS Phase
65
in tension
Signal Strength
64
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#5 / 47
EU-UK stocks
Trade P&L %
+24.52%
from signal to date, no stop loss
Rank position
ranks 5th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 64 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