Saipem: fresh sell signal
Saipem stock: down 5% this week as a fresh Sell signal fires
Saipem: fresh sell signal
Our view last week
Saipem rebounds 4.9% after last week's 4.8% drop, driven by a clean double bottom in the 4.2 area with an 11% intermediate recovery. Buyers regain the upper hand - 64% of volume - but money flow stays negative and distribution continues in the background: the ADX is cooling for a third straight week. Saipem shares also face this week's earnings report, a possible source of added volatility. The trade is running at an 80.66% gain since entry.
This week's summary
Saipem stock slides 5% this week and stays boxed into a tight range, with distribution still quietly building underneath. Against that backdrop a fresh sell signal has just fired, only in its first week and still awaiting confirmation. Just seven days ago the prior long trade was running past an 80% gain: our technical analysis now flags this opening as high-risk, and the disciplined move is to wait for confirmation before acting.
IQS Phase
66
in tension
Signal Strength
22
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#25 / 47
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 25th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 22 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
SPM belongs to the italian sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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