Sell signal under management · week 17
Stellantis drops 3.7% to a new 90-week low, its fourth straight weekly decline
Our view last week
Stellantis stock falls another 4.1% and the weekly RSI slips to 29.6, into oversold territory, while the MACD drops back below its Signal line after 3 weeks above it. Selling pressure eases from a week ago, with sellers at 72% of volume against 91%, but the weekly price action still flags distribution. A technical analysis of a short under management, more than 31% in profit, on one of the Italian stocks to watch.
This week's summary
A fourth straight weekly drop for Stellantis: the stock sheds 3.7% and sets a new 90-week low, with the weekly close confirming the break. A week ago the weekly RSI had just slipped into oversold territory; it now falls to 28.4, while money flow weakens for a third week. Our technical analysis of Stellantis stock shows price action still pointing down, on a short more than 34% in profit, among the Italian stocks to watch. Earnings are due on October 28.
IQS Phase
72
in tension
Signal Strength
53
decline starting to make lower lows
Sizing
STANDARD
Ranking
#17 / 89
EU-UK stocks
Trade P&L %
+34.11%
from signal to date, no stop loss
Stellantis Milano (STLAM) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 17th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 53 out of 100.
Sector context
SectorItalian
Benchmark ETFEXHG
Sector regimeweak phase
Performanceweekly -3.48% · monthly -7.23%
STLAM belongs to the italian sector (reference ETF EXHG). The sector is classified weak phase according to our weekly reading.
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