Buy signal, 5th week
A2A slips 0.6% and stays boxed between support and resistance
Our view last week
After last week's 2.5% bounce, A2A is giving ground again: the week just closed down 1.6%, with sellers slightly prevalent in the last bar and volumes contracting. In our weekly A2A stock technical analysis, the buy signal opened four weeks ago stays fragile, with signal strength down to 40 out of 100. The price is boxed in between resistance in the 2.30 area and support in the 2.28 area.
This week's summary
A2A stays locked in a tight range, between support in the 2.28 area and resistance in the 2.30 area: the week just closed is down 0.6%, with sellers slightly prevalent in the last bar and volumes contracting. The buy signal opened five weeks ago shows weak signal strength, and the price is still working below the 50-week moving average.
IQS Phase
31
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#55 / 70
EU-UK stocks in progress
Trade P&L %
-3.15%
from signal to date, no stop loss
Rank position
ranks 55th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH9
Sector regimeweak phase
Performanceweekly -0.76% · monthly -5.85%
A2A belongs to the italian sector (reference ETF EXH9). The sector is classified weak phase according to our weekly reading.
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