Rally loses steam after four-week climb
Rolls-Royce stock drops 2.5% as sellers retake the tape
Our view last week
Rolls-Royce stock climbs 0.7% this week, and buyers retake control of the tape at 60%, after sellers had the upper hand last week at 62%. The weekly MACD keeps improving and momentum is accelerating, but the price action flags two warnings: an indecisive phase and fading buyer dominance. The trade, in its 17th week, is still up 17.58%.
This week's summary
Rolls-Royce shares drop 2.5% this week, and sellers retake control of the tape with 80% of the volume, after a four-week rally. The price action flags four warnings: contracting volumes, an indecisive phase, collapsing buyer dominance, and sellers extremely dominant in the last bar. The trade, in its 18th week, is still up 14.62%.
IQS Phase
49
ordinary
Signal Strength
23
low · fading
Sizing
MINIMUM
Ranking
#70 / 70
EU-UK stocks in progress
Trade P&L %
+14.62%
from signal to date, no stop loss
Rank position
ranks 70th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 23 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
RR. belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content