Open buy · week 8
Anglo American gains 1.4% on thinner volume, weekly MACD still below its Signal line
Our view last week
After pausing on its 50-day moving average, Anglo American stock bounced 2.2% and ended 3 straight losing weeks. The rebound still lacks backing: sellers lead the weekly bar, volume is shrinking and the weekly MACD stays below its Signal line. For swing trading the buy signal still holds, with the trade at +0.5% from entry, and this technical analysis wants the price action to confirm before giving the bounce any weight.
This week's summary
Last week's bounce found a follow-through: Anglo American stock added 1.4%, its second straight weekly gain, lifting off the 20-day moving average. The recovery is still short on fuel, with volume shrinking again and the weekly MACD below its Signal line, though the histogram turned up after 3 weeks of decline. For swing trading the buy signal holds, at +1.9% from entry: this technical analysis sees a rise moving in small steps.
IQS Phase
48
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#6 / 29
EU-UK stocks in progress
Trade P&L %
+1.86%
from signal to date, no stop loss
Anglo American (AAL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 6th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimeweak phase
Performanceweekly -0.36% · monthly -4.97%
AAL belongs to the european sector (reference ETF EXV6). The sector is classified weak phase according to our weekly reading.
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