Buy signal, week 11
Amplifon rises 2.7% and holds its double bottom in the 9.6 area, with earnings just days away
Buy signal, week 11
Our view last week
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.
This week's summary
Amplifon has just defended its double bottom in the 9.6 area, with the 8% intermediate rebound still intact, and the week closes up 2.7%. In this week's Amplifon technical analysis the buy signal is in its 11th week, with strength down to 64 out of 100 and the first signs of fatigue in volume. Earnings land this very week: a potential jolt worth watching.
IQS Phase
45
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#12 / 59
EU-UK stocks in progress
Trade P&L %
+0.73%
from signal to today
Rank position
ranks 12th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 64 out of 100.
Sector context
SectorItalian
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly +0.92% · monthly +6.01%
AMP belongs to the italian sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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