Buy signal, week 4: the trade is back in profit
Banco do Brasil jumps 9.9% and closes above its previous 90-day high
Our view last week
Turned away in the 23.4 area, its 7-day high, Banco do Brasil stock fell 6.9% and slipped back below its 50-week average, erasing last week's rebound. In the weekly bar buying dropped below 25% of volume and sellers took firm control. The buy signal holds and money flow stays positive, but the trade is now at -4.1% from entry. Among bank stocks, this is a setup that calls for patience.
This week's summary
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.
IQS Phase
54
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#12 / 20
Rest of the World stocks in progress
Trade P&L %
+5.33%
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 12th among the 20 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 -2.46% · monthly -7.23%
BBAS3 belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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