Snam at week 3: the decline stalls, but the picture is unresolved

Snam is at week 3 of a sell signal, but the decline has not materialized: 3 weeks closed sideways, no confirmation. On the technical side, the weekly structure remains intermediate bearish, with MACD in negative territory and a double bottom on the daily chart adding to the uncertainty. The quality band flags trading as not recommended, with the stock 23% above the 200-week moving average. Ranked 17th among 54 EU-UK sell signals.