Usiminas, week 4: lower lows still forming
Usiminas drops 3.6% as the Sell signal keeps making lower lows
Usiminas, week 4: lower lows still forming
Our view last week
Usiminas is in the third week of a sell signal, and the week just closed recovered 6.0%: signal strength drops to 37 out of 100, a decline losing steam. The setup quality indicator, at 44 out of 100, stays in the ordinary range, and Usiminas closes out the ranking of the 22 sell signals among Rest of the World stocks.
This week's summary
On the daily chart Usiminas carved out a double bottom in the 8.1 area, with an intermediate 10% rebound; on the weekly, though, the stock shed 3.6% after last week's bounce, and the Sell signal is back to making lower lows. Setup quality climbs to 65 out of 100 (from 44) and Usiminas moves up to 6th among the 21 Rest of the World sell signals, up from last place a week ago.
Sell signal in observation
·4th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Jul 31
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IQS Phase
65
ordinary
Signal Strength
24
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#6 / 21
Rest of the World stocks sell signals
Trade P&L %
+7.85%
from signal to today
restricted Platinum content