Banco BPM, week 13: the trade runs at +23.4%
Banco BPM rises 2.1% as the trend gains conviction with ADX climbing
Banco BPM, week 13: the trade runs at +23.4%
Our view last week
Banco BPM is in week 12 of a buy signal that has exhausted the model's coverage: all 3 statistical targets have been hit and the stop now follows the Inversion Point, in the 14.4 area. The trade is running at +20.91% from entry. On the technical side, the week closed up 1.9% with buy volume at 83%, while price stays compressed between the first resistance and the first support.
This week's summary
Banco BPM shares are extending last week's acceleration: buyers, already at 83% of volume, are now up to 87%, with both CMF and ADX climbing and the weekly RSI at 67.2. The trade's gain rises to 23.4% since entry. Price is now squeezed between the first resistance in the 15.7 area and the first support in the 15.6 area — this week's technical analysis should soon tell which way it breaks.
IQS Phase
80
in tension
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#5 / 60
EU-UK stocks in progress
Trade P&L %
+23.43%
from signal to today
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