European-UK stocks · Open buy
BAE Systems drops 5.8%, snapping a five-week rally as the structure holds firm
Our view last week
BAE Systems stock closes its second confirmation week up 1.7%, with four higher daily lows confirming the push. The stock is now hugging its all-time high, just 4.3% below it, waiting for a break above its 7-day high. The weekly technical analysis stays bullish: setup quality at 70, signal strength at 79 out of 100, trade profit at 7.83%.
This week's summary
BAE Systems snaps a five-week rally, closing down 5.8% as sellers take charge of the latest candle and buyer dominance collapses. The daily picture stays constructive: three higher lows in a row carry the price from the 1980 area toward the 2200 area. The stock is hugging its all-time high, just 9.92% below it, with little room to run before the next resistance. Setup quality reads 45, signal strength 79 out of 100.
IQS Phase
45
ordinary
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#12 / 70
EU-UK stocks in progress
Trade P&L %
+1.53%
from signal to date, no stop loss
Rank position
ranks 12th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly -1.99% · monthly +4.11%
BA. belongs to the european sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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