Banca Mediolanum's rally takes a pause
Banca Mediolanum stock drops 2.1%, snapping a four-week rally
Our view last week
Banca Mediolanum stock is trading just a hair below its all-time highs, only 0.49% away, and this week the trend gained even more conviction: ADX climbed to 39.5, its highest in four weeks. The pace is slowing, though - +1.2% versus last week's +4.1% - and weekly volume stays in contraction, the same warning flagged seven days ago. The trade is running at +31.7% since entry. Banca Mediolanum technical analysis: the trend holds, but the room to run keeps narrowing.
This week's summary
Banca Mediolanum's rally takes a breather: after four straight up weeks, this one closes down 2.1%, and for the first time in a month sellers take over the tape. ADX keeps climbing though, its 11th straight week higher, a sign the trend still holds structurally. Banca Mediolanum stock sits within a hair of its all-time highs, just 2.7% away, with the trade running at +28.9% since entry.
IQS Phase
60
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#18 / 70
EU-UK stocks in progress
Trade P&L %
+28.91%
from signal to date, no stop loss
Rank position
ranks 18th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 64 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
BMED belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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