Volkswagen: the bounce money flow doesn't buy
Volkswagen stock: +4.5% weekly bounce, but money flow keeps selling
Volkswagen: the bounce money flow doesn't buy
Our view last week
The bounce from seven days ago is already behind us: this week sellers retake the lead on Volkswagen stock, with 70% of volume on the sell side and the price down 2.3%. Daily money flow slides deeper into distribution and the weekly ADX keeps climbing, a sign the trend is gaining conviction. The sell signal has been under management for five weeks and the short is already more than 11% in profit: our weekly technical analysis on Volkswagen keeps a close eye on the next move.
This week's summary
Volkswagen stock closed the week with a 4.5% bounce and 70% of volume on the buy side, flipping the control sellers held just seven days ago. Money flow doesn't confirm it though: the CMF slides even deeper into distribution and the weekly ADX keeps climbing, a sign the downtrend hasn't lost its grip. The sell signal has been under management for six weeks and profit has narrowed to 7.2%: our technical analysis on Volkswagen keeps watching the next move.
IQS Phase
68
in tension
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#35 / 47
EU-UK stocks
Trade P&L %
+7.19%
from signal to date, no stop loss
Rank position
ranks 35th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 6 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +4.15% · monthly +3.15%
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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