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Tesco gains 0.4% and stalls below its all-time high as volumes contract
Tesco stock gains 0.4% and stalls below its all-time high, as volumes contract and money flow slips for a second week. Technical analysis stays bullish, among our weekly buy signals on European stocks: MACD above its Signal line, ADX rising, trade up 13.4%.
Siemens bounces 3.4% off its 50-week average, and the 20-week average caps the rebound
Siemens stock gains 3.4% off the 50-week average, in the 257 area, and stays below the 20-week average, in the 269 area. Technical analysis shows the slide slowing: MACD under its Signal line, ADX falling, earnings on November 12. A swing trading setup to follow.
Siemens Healthineers gains 2.5% and reclaims its 100-week moving average
Siemens Healthineers gains 2.5% and reclaims its 100-week moving average, with a new 30-week high. Among European stocks, the Siemens Healthineers trade setup shows higher daily lows and the buy signal holds, while earnings on November 5 call for caution.
Shell adds 0.1%: record in the 4110 area, but the close drifts off the highs
Shell sets a new record in the 4110 area and closes up 0.1%, a fourth straight weekly gain, on contracting volumes. In this technical analysis Shell stock stays among our weekly buy signals: for swing trading, the daily higher lows are still intact.
SAP slips 1.5% after 3 up weeks and stalls below its 30-week high
SAP slips 1.5% after 3 up weeks and stalls below its 30-week high, with money flow still positive. SAP stock technical analysis: one of the weekly buy signals in European tech stocks, with higher daily lows, shrinking volumes and a swing trading case worth following.
RWE gains 3.5% and stalls under the 20-week average it lost a week ago
RWE stock bounced 3.5% and stalled under the 20-week average it lost a week ago, with the last session closing near its low. Our technical analysis rates this trade setup as high risk for a swing trading short, with earnings due on November 11.
Rolls-Royce rebounds 6.5%, but the 50-week average halts the bounce
Rolls-Royce stock rebounds 6.5%, yet the bounce stalls below the 50-week average, in the 1288 area. In this weekly technical analysis the Sell signal stays live with momentum stalling, and lower daily highs make it a cautious swing trading case among European stocks.
Rio Tinto drops 2.2%, loses its 100-week average and sets a new 30-week low
Rio Tinto drops 2.2%, slips below its 100-week average and sets a new 30-week low. Rio Tinto stock closed near the low of its range: weekly technical analysis and price action trading read for swing trading, with the short up 13.6%.
Rheinmetall regains 1.8% on shrinking volumes, and earnings land on November 5
Rheinmetall regains 1.8% on shrinking volumes and stalls just under the Inversion Point, in the 1043 area. Our technical analysis of Rheinmetall stock shows a recovering MACD and money flow still negative, and for swing trading the November 5 earnings are the test.
RELX slips 1.5%, but its 100- and 200-week averages in the 2940 area pass the test
RELX slipped 1.5% after 3 straight gains, yet its 100- and 200-week averages, in the 2940 area, held on the close. RELX stock technical analysis: still among the weekly buy signals, with a more cautious price action trading picture on this trade setup.
QDVE, the US technology ETF, drops 1.8% as the 20- and 50-day averages turn it back
QDVE, the S&P 500 technology sector ETF, drops 1.8% after the 20- and 50-day averages turned it back. QDVE technical analysis: price sits close to its 30-day low, and this swing trading setup in tech stocks stays mixed.
Prudential gains 4.6% and retakes its 20-day average, but money flow stays negative
Prudential stock gains 4.6%, back above its 20-day average in the 907 area but short of the 50-day, in the 942 area. For price action trading this is a bounce inside a decline: money flow has been negative for 7 weeks.
National Grid gains 2.7%: 3 higher lows, and now the November 5 earnings test
National Grid gains 2.7% and draws 3 higher lows on the daily chart, as the buy signal from 2 weeks ago holds. One of our weekly buy signals among European stocks: technical analysis now turns to November 5 earnings and the 90-day high in the 1263.5 area.
Munich Re gains 1.9% against its sector and lifts its 90-day high to the 569 area
Munich Re gains 1.9% and lifts its 90-day high to the 569 area, while its sector slips almost 1%. Munich Re stock technical analysis: MACD and money flow keep improving, and for swing trading the date to watch is November 12, when earnings are due.