Open buy · week 5
Banco do Brasil gains 3.9%, but the new 30-week high fails to hold into the close
Our view last week
Turned away in the 23.4 area a week ago, the stock flipped the script: up 9.9%, a new 90-day high and a close above the previous one. Banco do Brasil stock is back above its 50-week average and the buy signal swings from a 4.1% loss to a 5.3% gain. Among bank stocks with weekly buy signals, the technical analysis shows price action restarting from the 20-day average; an ADX at 17 is a reminder that the trend has yet to find conviction.
This week's summary
A second straight weekly gain for Banco do Brasil: up 3.9% after last week's 9.9%, with a new 30-week high in the 27 area that failed to hold into the close. Banco do Brasil stock ended the week in the lower part of its range, and the technical analysis shows a move that is alive but still unconfirmed: weekly MACD above its Signal line and improving, ADX at 18, short of real conviction. The buy signal is up 9.4% since entry.
IQS Phase
79
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#14 / 21
Rest of the World stocks in progress
Trade P&L %
+9.41%
from signal to date, no stop loss
Banco do Brasil (BBAS3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 14th among the 21 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly +2.32% · monthly -4.08%
BBAS3 belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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