European-UK stocks · fresh buy signal
BASF climbs 3.8% and bounces off its 20-day average: back in buy mode
European-UK stocks · fresh buy signal
Our view last week
The eighth week of BASF's Sell signal closes almost flat, +0.1%, with price glued to the moving-average cluster in the 49 area and the weekly ADX down to 17.4: the trend is losing conviction. On the last bar sellers still slightly outweigh buyers, while volumes contract. The short remains in profit at 4.4%: our technical analysis is now watching whether the 49 area holds.
This week's summary
BASF climbs 3.8% and touches the 49 area before bouncing off its 20-day moving average. The weekly trend stays bullish, with one note of hesitation, while daily money flow moves just back into positive territory. That is this week's real change: the 8-week sell signal fades out and makes way for a fresh buy signal, still awaiting confirmation.
IQS Phase
49
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#10 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 10th among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +1.71% · monthly +1.88%
BAS belongs to the european sector (reference ETF EXV6). The sector is classified in positive regime according to our weekly reading.
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