Sell signal, week 10: volume flips
Usiminas rebounds 3.6% as buyers return, but lower highs persist
Our view last week
Usinas Siderurgicas de Minas Gerais (Usiminas) sheds another 11.6% this week, the second-heaviest drop of the month, with sellers controlling 88% of volume and money flow still worsening. The Sell signal has been under management for 9 weeks and the short is already more than 31% in profit: the only sign of relief comes from the ADX, falling for a third straight week.
This week's summary
Usinas Siderurgicas de Minas Gerais (Usiminas) shares have been under management on a Sell signal for 9 weeks, with the short more than 28% in profit. This week buyers took back control of volume - 95% of trading - and the price recovered 3.6%, after three straight weeks of seller dominance. On the daily chart, though, the sequence of 5 lower highs still holds: the decline hasn't lost its structure yet.
IQS Phase
73
in tension
Signal Strength
41
isolated weekly drop
Sizing
REDUCED
Ranking
#11 / 25
Rest of the World stocks
Trade P&L %
+28.57%
from signal to date, no stop loss
Rank position
ranks 11th among the 25 sell signals for titoli resto del mondo in our ranking, with a signal strength of 41 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein strong phase
Performanceweekly +1.90% · monthly +5.35%
USIM5 belongs to the materials sector (reference ETF XLB). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content