Banco BPM: buyers take back control
Banco BPM rises 1.6% as buyers retake control after last week's pullback
Banco BPM: buyers take back control
Our view last week
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.
This week's summary
Buyers have retaken control of Banco BPM: after last week's slowdown, buying volume is back up to 77% of trade, the stock recovers 1.6%, and weekly money flow has turned firmly positive again, with the ADX still climbing. Banco BPM shares remain boxed between resistance in the 15.7 area and support in the 15.6 area, but the weekly technical picture is tightening back up: the trade stands at +23.55% since entry.
IQS Phase
58
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#7 / 59
EU-UK stocks in progress
Trade P&L %
+23.55%
from signal to today
Rank position
ranks 7th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
BAMI belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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