Sell signal nearly spent, early-exit warning active
Saipem stock slips 1.6% as the Sell signal runs out of steam
Our view last week
Saipem stock climbs another 4.8% and hits the pullback trigger on the 20-day average, building on last week's 3.8% rebound. Our weekly technical analysis confirms a sell signal running on fumes: signal strength drops to 2 out of 100, a decline with no push left. The trading-not-recommended band stays in place.
This week's summary
Saipem stock completes three higher lows in the 3.9-4.5 area, and the price has already climbed back to the 20-day average, the level our model was watching for re-entry. Our weekly technical analysis flags a mixed technical picture: sellers stay dominant in the latest week and volume keeps contracting. The Sell signal, live for 4 weeks, shows signal strength down to 2 out of 100 — a decline that's about done. The trading-not-recommended band stays in place.
IQS Phase
45
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#45 / 46
EU-UK stocks sell signals
Trade P&L %
-7.07%
from signal to date, no stop loss
Rank position
ranks 45th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
SPM belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content