Azimut consolidates after confirmation
Azimut Holding slips 2.2% and tests a pullback after its confirmation week
Our view last week
Azimut stock closes the week up 2.3% and returns near its highs, with 4 higher lows on the daily chart telling a steady, step-by-step climb. This is the confirmation week for the buy signal that fired 7 days ago, and it closes higher. The price stays boxed between the daily pivot point, in the 38.3 area, and its moving average just above, in the 39 area — and the highs have already been tested once in the past 10 weeks: better to wait for a pullback before chasing them.
This week's summary
Azimut is still inside the buy signal that fired two weeks ago, after a first confirmation week that closed higher. The week that just ended gave some of that back, down 2.2%, with sellers taking over the last session and volumes thinning out. The weekly structure hasn't changed: IQS at 55 out of 100, signal strength at 56 out of 100, price above every structural moving average. The level that would reopen a better entry sits lower, around the 37.8 area.
IQS Phase
55
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#27 / 70
EU-UK stocks in progress
Trade P&L %
+0.13%
from signal to date, no stop loss
Rank position
ranks 27th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
AZM belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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