Rally slows, but the trend holds
Banco BPM slips 1.5%, but the trend holds with the trade up 21.6%
Rally slows, but the trend holds
Our view last week
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.
This week's summary
Banco BPM shares have been trading in a steady uptrend for weeks, but this week the flow tilts back: 58% of volume turned to selling and the stock gives back 1.5%, still stuck between resistance in the 15.7 area and support in the 15.4 area. ADX keeps climbing, the weekly MACD keeps improving, and money flow stays firmly positive: the pullback looks more like a pause than a reversal. The trade is up 21.6% since entry.
IQS Phase
58
ordinary
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#6 / 61
EU-UK stocks in progress
Trade P&L %
+21.58%
from signal to today
restricted Platinum content