Sell signal under management
Snam ticks up 0.3% as buyers reclaim the volume: the decline slows
Our view last week
Snam's Sell signal has been under management for 13 weeks, with the short now up 6.9%. After last week's slowdown, sellers regained control this week — 66% of volume — and the stock shed another 1.2%, sliding toward the lower edge of the 5.86-5.73 band. Money flow stays positive but is cooling, and the weekly RSI has dropped toward the 38 area: the decline continues, with no sign yet of running out of steam.
This week's summary
Snam's Sell signal takes a breather: after sellers came back in force last week, the price ticks up 0.3% and buyers reclaim the volume, at 57%. The weekly RSI bounces off a three-week low, and the candle closes with a small, indecisive body. The MACD, though, stays below its Signal line for a 16th straight week, and on the daily chart the sequence of lower highs — from the 6.25 area down to 5.82 — hasn't broken yet: the decline is losing steam, not reversing.
IQS Phase
82
in tension / maturity
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#40 / 46
EU-UK stocks
Trade P&L %
+6.62%
from signal to date, no stop loss
Rank position
ranks 40th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 6 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -0.76% · monthly -5.85%
SRG belongs to the italian sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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