Sell signal in management, sixth week
Stellantis drops 5.3% as the decline regains bite between a double bottom and rising ADX
Sell signal in management, sixth week
Our view last week
Week 5 of the sell signal on Stellantis, and the week just closed recovered 2.3% after three heavy weeks. Volume has turned back buy-side and seller dominance is fading, but daily distribution remains pronounced: the decline is not filed away yet.
This week's summary
The bounce in Stellantis shares lasted just one week: the stock gave back 5.3% and sellers took charge again, with the weekly ADX still climbing, the trend gaining conviction. Underneath, though, money flow has eased and a clean double bottom has formed on the daily chart in the 5.4 area, with an 11% rebound. The short is over 22% in the money, and in our technical analysis price is boxed between the 5.51 and 5.25 areas.
IQS Phase
84
in tension / maturity
Signal Strength
44
decline starting to make lower lows
Sizing
REDUCED
Ranking
#19 / 137
US stocks
Trade P&L %
+22.64%
from signal to today
restricted Platinum content