Volkswagen's rebound gains ground
Volkswagen gains 3.2% as MACD crosses above Signal after 27 weeks
Our view last week
Volkswagen stock bounces off the daily EMA20, in the 74 area: a touch near 73 and a 3% rebound, buyers back in the majority of weekly volume at 69%. The picture still has two sides: the bounce carries three warnings, including contracting volume and an ongoing distribution phase. The sell signal is now in its 10th week, and the gain has eased to about 6.7%, down from over 8% last week. Our technical analysis on Volkswagen keeps tracking the move.
This week's summary
Volkswagen's rebound picks up speed: the stock gains 3.2% with buyers at 98% of weekly volume, MACD crosses above the Signal line after 27 weeks below it, and money flow turns positive after ten negative weeks. Our technical analysis on Volkswagen stock tracks the sell signal, now in its 11th week.
IQS Phase
45
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#42 / 51
EU-UK stocks
Trade P&L %
+3.75%
from signal to date, no stop loss
Rank position
ranks 42nd among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +1.31% · monthly +1.82%
VOW3 belongs to the european sector (reference ETF EXHG). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content