Usiminas · open buy, week 6
Usiminas drops 7.9% and slips below its 50-week average
Our view last week
The test we flagged a week ago came back negative: Usiminas climbed to its 20-week average, in the 7.6 area, and was turned away firmly, ending the week down 2.4%. Usiminas stock still holds above its 50-week average, which survived a direct touch. The weekly technical analysis leaves the question open: the MACD is still below its Signal line and price action reads as a distribution phase. For swing trading, the game is played between those two levels.
This week's summary
Usiminas stock drops 7.9% in a full distribution phase and slips below its 50-week average, which held a week ago. Price closed below the first stop level (SL1) flagged in last week's card (6.82 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 6.8 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
Open BUY
·6th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Oct 30
★ See Gold version →
IQS Phase
32
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#10 / 25
Rest of the World stocks in progress
Trade P&L %
-11.93%
from signal to date, no stop loss
Usiminas (USIM5) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 10th among the 25 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +3.01% · monthly +1.11%
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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