The 5 worst shares of the week on the Ftse Mib
When a week closes up about 7% and only 12% of stocks close in negative territory, it’s worth trying to understand why this weakness. So let’s take a closer look at the 5 worst stocks of the week: LUVE, Tenaris, ERG, Diasorin and Amplifon.
The weakness of the Health Care sector
Since the beginning of the year there has been a sector of the Ftse Mib which, after years of great strength, is moving against the general trend of Piazza Affari. Let’s talk about the health sector which, with its FTSE Italia All-Share Health Care, is losing 1.5% since the beginning of the year, making it the worst of all the sector indices. Two big names in the sector, Amplifon and Diasorin, contributed heavily to this negative performance, and it is no coincidence that we find them among the 5 worst stocks of the week.
Long lateral phase underway on the Amplifon stock – projectionsdiborsa.it
Long lateral phase in progress on the Amplifon stock which since August 2021 has not been able to get out of the channel identified by the two dotted lines. Only the break of one of the two extremes indicated in the figure could give directionality to the quotations. Note that the averages are very close, so it could easily give both a bullish and a bearish cross.
If confirmed, the bearish crossing could give acceleration to the stock – projectionsdiborsa.it
Also on the Diasorin stock the underlying trend is lateral and over the last few months there have been continuous bearish and bullish crossings of the averages. At this point, only exceeding the 140 euro area could give direction to the prices.
The LUVE title
The bearish crossing of the averages could push the LUVE stock downwards. -proiezionidiborsa.it
Only a few weeks ago but we warned of the possibility of a bearish crossing after the longest historical rise of the title. Crossing punctually occurred also accompanied by the sell signal of the SwingTrading Indicator. If confirmed, the stock could accelerate to the downside.
The title Tenaris
Lateral phase in progress on the Tenaris stock. The levels to be monitored at the end of the week – projectionsdiborsa.it
After reaching all-time highs at the end of October, Tenaris shares began a lateral phase delimited by the two levels shown in the figure by the dotted lines. At this point only their break could give directionality to the quotations. It should be noted that at the moment the averages are very close and could give a bearish reversal signal. The decline anticipated a few weeks ago could therefore soon materialize.
The ERG stock
Bearish crossing in progress on the ERG share – projectiondiborsa.it
Downtrend in progress on the ERG stock which tends to strengthen after two consecutive sessions characterized by significant declines. The most probable scenario, therefore, for ERG is the one that sees a continuation of the ongoing decline.
