Snam, sell signal in its 10th week
Snam bounces 0.9% but the decline stays boxed in below the 6.24 area
Snam, sell signal in its 10th week
Our view last week
Snam shares slip again this week: the decline, which looked to be pausing seven days ago, resumes with a 2.1% drop as sellers retake control of the tape, 93% of volume on the sell side against just 7% on the buy side. Under the surface the picture isn't accelerating: money flow stays positive but has nearly halved in a month, and the weekly ADX keeps fading. The sell signal is in its ninth week, and the trade's gain sits barely above breakeven.
This week's summary
Snam stock tries a timid bounce: the week closes up 0.9% and buyers retake control of the tape, 83% of volume on the buy side. But the signal is mixed: the last bar is indecisive with a reduced body, and that same buyer dominance already shows signs of fading. Technical analysis: price stays squeezed between the 6.21 and 6.24 areas, and the weekly ADX keeps sliding. The sell signal, now in its 10th week, remains under management with the trade essentially at breakeven.
IQS Phase
59
ordinary
Signal Strength
13
decline losing steam
Sizing
MINIMUM
Ranking
#31 / 53
EU-UK stocks
Trade P&L %
-0.45%
from signal to today
restricted Platinum content