Azimut stock: the reversal is complete
Azimut stock climbs 3.8% as the sell signal flips into a fresh buy
Azimut stock: the reversal is complete
Our view last week
The bounce off the daily EMA20 carries Azimut stock back into the 36 area, up 5.1% over the past week: a sign that the Sell signal, now in its second week, is running out of push. Strength drops to 4 out of 100 and the price is now hugging the Inversion Point. Setup quality stays ordinary, 41 out of 100, and in this technical analysis of the ranking Azimut slips to 36th among the 47 European-UK sell signals.
This week's summary
Last week Azimut's Sell signal was fading out right at the Inversion Point; this week the reversal completes and a fresh Buy signal fires. Azimut stock closes the week up 3.8%, with the MACD in a bullish cross and all structural moving averages aligned. In this weekly technical analysis the stock ranks third among the six new European-UK buy signals in our ranking, though the price is already hugging the highs, an area tested more than once.
IQS Phase
64
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#3 / 6
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 3rd among the 6 fresh Longs for European-UK stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein strong phase
Performanceweekly +1.92% · monthly +5.84%
AZM belongs to the italian sector (reference ETF EXV1). The sector is classified in strong phase according to our weekly reading.
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