Open buy signal in management
Safran drops 4.7% after 4 weeks higher, but the ADX keeps its conviction
Our view last week
Safran closes the week up 0.9%, near record highs but slowing after last week's 5.6% rally. Volumes are contracting and buyer dominance is fading, while the weekly MACD turns higher again. The price sits just below a resistance area already rejected several times. The buy signal, now in its 11th week, is up 17.9% since entry.
This week's summary
After 4 weeks of gains, Safran drops 4.7% as sellers take back control, taking 83% of this week's volume. The pullback lands right at a resistance area that has already turned the stock back several times before. The ADX keeps climbing though, a sign the trend still holds conviction despite the pause. The buy signal, now in its 12th week, is still up 12.4%.
IQS Phase
49
ordinary
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#48 / 70
EU-UK stocks in progress
Trade P&L %
+12.40%
from signal to date, no stop loss
Rank position
ranks 48th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
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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