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Mercedes-Benz slips 0.1%, caught between its 90-week low and the 50-day average
Mercedes-Benz slips 0.1% in a week held between its 90-week low, in the 38.9 area, and the 50-day average, in the 42.3 area. Technical analysis of Mercedes-Benz stock stays bearish: money flow negative for 7 weeks and distribution in the price action.
London Stock Exchange Group slips 0.1% as a new 30-day high fails to hold at the close
London Stock Exchange Group stock slips 0.1% in its confirmation week, after a new 30-day high that did not hold at the close. Technical analysis: an early-exit warning arrives, while daily price action keeps printing higher lows.
Lloyds Banking Group drops 7.1% to 3-month lows as the weekly MACD slips below zero
Lloyds Banking Group fell 7.1% and closed at 3-month lows, with the weekly MACD back below zero. This Lloyds Banking Group stock technical analysis shows strong distribution and a short up 14.2%, making it one of the bank stocks to watch for swing trading.
Infineon rebounds 3.9%, but the bounce stalls at the averages in the 54 area
Infineon rebounds 3.9% after 3 straight weekly losses, but the averages in the 54 area turn the bounce back and the week closes low in its range. This Infineon stock technical analysis finds the decline intact, with November 10 earnings next for swing trading.
HSBC drops 5.5%, loses its 50-week average and sets a new 90-day low
HSBC stock drops 5.5% and loses its 50-week average, setting a new 90-day low in the 1264 area. The MACD has sat below its Signal line for 8 weeks and money flow keeps weakening: a short trade setup among European bank stocks, with the decline speeding up.
GSK slips 2.1% and stalls on its 50-week average while its sector rallies
GSK slips 2.1% and loses the 20-week average it reclaimed a week ago, while European healthcare stocks rally 4.7%. In this GSK stock technical analysis the buy signal stays live, but the confirmation week closes lower: a swing trading setup to handle with care.
The EXV6 ETF slips 0.8% and money flow turns negative after 9 weeks above zero
EXV6, the European basic resources ETF, slips 0.8%, closes near the week's low and sees money flow turn negative. This EXV6 technical analysis shows price action still bearish: for swing trading, the short trade setup is up 9.6% since entry.
Glencore drops 3.3% and loses the 528 area as money flow turns negative
Glencore stock falls 3.3% and loses the 528 area, where last week's drop had stalled, as money flow turns negative. A technical analysis for swing trading and price action trading: among European stocks, the next test is the 50-week average, in the 515 area.
EXV4, the European healthcare ETF, gains 4.7% and prints a 90-week high
EXV4, the European healthcare ETF, gains 4.7% and prints a 90-week high in the 125 area. In this EXV4 technical analysis the buy signal holds and price action stays strong, but the ETF looks stretched and our model urges caution on this swing trading setup.
The EXV3 ETF gains 1% but closes in the lower half of its range again
EXV3, the European technology sector ETF, gains 1% and ends 3 weeks of declines, yet closes low in its range again. EXV3 technical analysis: among our weekly buy signals, swing trading now hinges on the 20-week average, in the 96.5 area.
EXV2, the European telecom ETF, rebounds 3.1% from a fresh 30-week low
EXV2, the European telecom ETF, hits a fresh 30-week low, then rebounds to finish the week up 3.1%, near its high. This EXV2 technical analysis finds money flow positive after 10 weeks, but for swing trading the sell signal still stands.
European banks: the EXV1 ETF slips 1% and closes below its 50-week average
EXV1, the European banks ETF, fell 1% and closed below its 50-week average, near the week's low. In this EXV1 technical analysis the 200-day average turned the bounce back and the trade setup stays bearish: for swing trading, the 37.2 area is the one to watch.
Experian slips 3.9% under its 200-week average and leans on the 50-week line
Experian slips 3.9%, stopped again by its 200-week average, and closes above the 50-week line, in the 2906 area. In this technical analysis Experian stock stays among our weekly buy signals, a swing trading setup to follow into the November 18 earnings.
EXHG, the European auto ETF, gains 2.2% while money flow keeps weakening
EXHG, the European auto sector ETF, gains 2.2% and reclaims its 20-day average, yet money flow keeps weakening. EXHG technical analysis: the sell signal holds, the price action stays mixed, and for swing trading the nearby levels are what count.