Stellantis, sell signal at week 1: exhaustion risk after a sharp drop

Stellantis N.V. receives a fresh weekly sell signal, ranking 59th among the 96 sell signals for US stocks. This week's drop was among the most violent on record — a strength reading of 96 out of 100 that our model interprets as possible exhaustion, not confirmation of the decline. On the daily chart, a double bottom is forming in the 7.0 area with an intermediate rebound of 14%. The confirmation week is still in progress.