Volkswagen: technical bounce in Sell's 10th week
Volkswagen stock gains 1.8% and bounces off the EMA20 in week 10 of the Sell signal
Our view last week
Volkswagen stock slips back after two weeks of bounce: -3.4% this week, with sellers back in charge of volume at 63%. Price stays boxed between the daily VWMA, in the 74 area, and the daily pivot average, in the 73.5 area. Money flow stays negative but eases, and the ADX holds steady: the decline isn't speeding up, but it isn't letting go either. The short is now more than 8% in profit: our technical analysis on Volkswagen keeps watching the next move.
This week's summary
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.
IQS Phase
81
in tension / maturity
Signal Strength
9
decline fading out
Sizing
MINIMUM
Ranking
#38 / 46
EU-UK stocks
Trade P&L %
+6.74%
from signal to date, no stop loss
Rank position
ranks 38th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 9 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +0.84% · monthly +3.39%
VOW3 belongs to the european sector (reference ETF EXHG). The sector is classified in strong phase according to our weekly reading.
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