Sell signal under management for 12 weeks
RWE stock slips 1.7%: the decline holds its course but the ADX keeps losing conviction
Sell signal under management for 12 weeks
Our view last week
RWE's Sell signal has been under management for 11 weeks, and this week the stock gave back 2.8%, only to bounce straight back 3% off the daily EMA20, in the 57 area. RWE stock stays boxed into a tight band: the ADX has fallen for a fourth straight week, the decline keeps losing conviction, while money flow stays negative but is improving. Technical analysis pointing to indecision, not a fresh leg down.
This week's summary
RWE stock slips 1.7% this week, stretching its sequence of lower highs, now down to the 58 area: last week's bounce told an indecisive story, this week the price is sliding again, though it stays boxed between a support and a resistance just a hair apart. The Sell signal has been under management for 12 weeks, and money flow keeps improving: the selling pressure is easing, even as the decline holds its course. Technical analysis pointing to a stalemate, not a fresh leg down.
IQS Phase
62
ordinary
Signal Strength
45
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#4 / 42
EU-UK stocks
Trade P&L %
-1.85%
from signal to date, no stop loss
Rank position
ranks 4th among the 42 sell signals for European-UK stocks in our ranking, with a signal strength of 45 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly +0.59% · monthly -1.81%
RWE belongs to the european sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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