Amplifon: double bottom holds, 10th week
Amplifon rises 2% and holds its double bottom, though the ADX cools
Amplifon: double bottom holds, 10th week
Our view last week
Amplifon shares are still anchored to the double bottom in the 9.6 area, with the 8% intermediate rebound still intact. The week closed nearly flat, -0.2%, as the trend cools — the ADX is slipping — even though the MACD keeps improving. In this week's technical analysis, the buy signal is in its 9th week and ranks eighth among the 60 open European longs, with a signal strength of 66 out of 100.
This week's summary
Amplifon shares rise 2% this week and hold the double bottom in the 9.6 area, with the 8% intermediate rebound still intact — a firmer step than the almost-flat week before. The ADX cools to 28.3 but the MACD keeps improving: a bullish picture with a few cracks. In this week's technical analysis, the buy signal is in its 10th week and signal strength eases slightly to 64 out of 100.
IQS Phase
38
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#10 / 61
EU-UK stocks in progress
Trade P&L %
-1.92%
from signal to today
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