Sell signal, week 5: the decline picks up pace again
Banco BPM drops 7.2% and loses its 20-week average: last week's bounce is gone
Our view last week
Banco BPM stock bounced 4.5% this week, erasing last week's drop: the price is climbing back toward the Inversion Point, in the 16.7 area, and the weekly price action is back in buyers' hands. Money flow stays below zero for a 2nd week, though, and the weekly MACD sits under its Signal line. In our technical analysis the Sell signal is almost spent, with strength down to 5 out of 100.
This week's summary
Banco BPM stock dropped 7.2% this week, wiping out the previous week's bounce: the price is moving away from the Inversion Point again, has lost its 20-week moving average and set a fresh 30-day low. In our weekly technical analysis, money flow stays negative for a 3rd week and the MACD is widening its gap below the Signal line. The Sell signal, which looked almost spent a week ago, is picking up pace again, and the short-term price action shows no defence of the lows yet.
IQS Phase
68
in tension
Signal Strength
35
decline starting to make lower lows
Sizing
REDUCED
Ranking
#41 / 89
EU-UK stocks
Trade P&L %
+5.43%
from signal to date, no stop loss
Banco BPM (BAMI) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 41st among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimeweak phase
Performanceweekly -4.91% · monthly -4.92%
BAMI belongs to the italian sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
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