Saipem stock: distribution phase deepens this week
Saipem drops 4.8% as sellers command 83% of the volume
Saipem stock: distribution phase deepens this week
Our view last week
After a solid week near resistance, Saipem has stalled: it closed nearly flat, up 0.4%, with the session dominated by sellers, 72% of the volume. Under the surface the picture is cooling - money flow keeps sliding deeper negative and momentum has turned below zero - while price stays boxed between two pivot averages, in the 4.42 and 4.34 areas. The residual capital keeps running all the same, now above 80% in gains.
This week's summary
This week's drop was sharp: -4.8%, with sellers commanding 83% of the volume. Saipem's weekly technical analysis shows warnings piling up - buyers in retreat, distribution underway - while price stays boxed between resistance in the 4.24 area and support in the 4.19 area. The trade's gain, which last week was running above 80%, has now eased to 72%.
IQS Phase
29
compressed / accumulation
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#41 / 61
EU-UK stocks in progress
Trade P&L %
+72.21%
from signal to today
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