Usiminas, sell signal in week 6
Usiminas rebounds 3%, but momentum keeps fading
Usiminas, sell signal in week 6
Our view last week
Usiminas stock stays in this week's technical analysis spotlight: the sell signal has been under management for 4 weeks, with the short already up 10.25%. After last week's bounce the decline resumed, shedding 2.6%, and the confirmation shows up in the flows too: money just turned to the sell side and momentum, positive for weeks, flipped negative. On the daily chart the double bottom in the 7.9 area still holds, with an intermediate 15% rebound already in place.
This week's summary
After last week's decline, Usiminas rebounds 3%: the double bottom in the 7.9 area holds and buyers are back in control, with 60% of volume on the buy side and cash flow turning positive again. The picture stays mixed though: ADX keeps sliding and weekly momentum is still negative, a sign the decline is losing conviction without having reversed yet. The sell signal, open for 5 weeks, remains under management.
Ongoing decline
·6th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Jul 31
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IQS Phase
73
in tension
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#14 / 18
Rest of the World stocks
Trade P&L %
+7.52%
from signal to today
Rank position
ranks 14th among the 18 sell signals for titoli resto del mondo in our ranking, with a signal strength of 6 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +1.44% · monthly +0.20%
USIM5 belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
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