Rolls-Royce: second down week, sellers in control
Rolls-Royce sheds 5.1%: second down week, momentum stalling
Rolls-Royce: second down week, sellers in control
Our view last week
Rolls-Royce takes a breather: the fatigue signs flagged last week have shown up, with the stock slipping 4.4% and sellers retaking control of the volume (58% versus 42% on the buy side). The weekly RSI eases to 60 from 65 a week earlier, while the MACD stays positive and still rising. The trade is now in week 12, up 9.75% since entry, down from 14.8% a week ago.
This week's summary
Rolls-Royce stock notches a second straight down week, shedding 5.1% after last week's 4.4% drop: sellers are back in control of the volume, 69% versus 31% on the buy side. In the weekly technical picture momentum is fading fast and the RSI has eased for a second week running, though on the daily chart the stock has already bounced 2% off its 50-day moving average. The trade's gain has shrunk to 4.2%, down from 9.75% a week ago.
IQS Phase
48
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#61 / 61
EU-UK stocks in progress
Trade P&L %
+4.20%
from signal to today
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