Sell signal · week 10 · Borsa Italiana (Milan)
Saipem slips 0.6% after a fresh 7-day high that the weekly close failed to confirm
Our view last week
Buyers took 79% of weekly volume on Saipem and the stock closed up 2%, its first positive week after 5 down. Money flow is back above zero for the first time in 5 weeks: seven days ago buying had already climbed to 52% without moving the price. In our technical analysis of Saipem stock the decline is losing steam, while daily price action still holds 4 lower highs. A swing trading case to watch: the short is 3.8% in the red.
This week's summary
Saipem's bounce stalled at once: after last week's 2% gain the week closed down 0.6%, with a fresh 7-day high that the weekly close failed to confirm. Money flow, only just back in positive territory, has slipped below zero again and volume is shrinking. In our technical analysis of Saipem stock this is stalling price action among Italian stocks: the ADX has been falling for 15 weeks and the short, in week 10, is still 3.2% in the red.
IQS Phase
48
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#87 / 89
EU-UK stocks
Trade P&L %
-3.20%
from signal to date, no stop loss
Saipem (SPM) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 87th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimeweak phase
Performanceweekly -0.03% · monthly +0.15%
SPM belongs to the italian sector (reference ETF EXH4). The sector is classified weak phase according to our weekly reading.
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