Banco BPM stock: trade in management, earnings ahead
Banco BPM stock rises 0.7% as ADX climbs to 31.9 ahead of earnings
Banco BPM stock: trade in management, earnings ahead
Our view last week
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.
This week's summary
Banco BPM shares bounce 3% off their daily 20-day average, in the 15 area, and the weekly ADX climbs to 31.9 from 26.4 a month ago: the trend is gaining conviction. But volume has cooled and the last weekly candle shows signs of fatigue. The trade is in its 16th week of management, up 24.46% since entry, with earnings due this very week.
IQS Phase
53
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#9 / 61
EU-UK stocks in progress
Trade P&L %
+24.46%
from signal to date, no stop loss
Rank position
ranks 9th among the 61 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 +2.05% · monthly +3.45%
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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