Safran, 8th week with earnings on deck
Safran closes flat at +0.1% as earnings approach and the signal stays live
Safran, 8th week with earnings on deck
Our view last week
Safran shares gave back 2% this week, but the stock already found a floor: on the daily chart it bounced off its 50-day moving average, in the 321 area, recovering 2%. Under the surface buyers look less convinced — volumes contracting, mixed rejection bars — but this buy signal is now in its 7th week, up 7.79% since entry, hugging its all-time highs: a technical analysis setup worth watching, with earnings due in two weeks.
This week's summary
Safran shares close the week almost flat, at +0.1%, but under the surface the picture is busier: on the daily chart a double bottom has formed in the 316 area, with an intermediate rebound of 14%, while two price-action warnings - volumes rising as price falls, candle bodies losing conviction - call for some caution. Earnings are due this week, on July 28: volatility can pick up. The Buy signal, now in its 8th week of weekly technical analysis, stays up 7.88% since entry.
IQS Phase
52
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#26 / 59
EU-UK stocks in progress
Trade P&L %
+7.88%
from signal to today
Rank position
ranks 26th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
SAF belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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