Bayer, first among 70 European-UK Longs in week 8
Bayer gains 0.5% and stays first among 70 European-UK Longs in week 8, but the MACD is cracking
Our view last week
Bayer stock slips 4.1% over the week, with sellers back in charge on the last candle and volumes drying up. The weekly structure still leans bullish though: the price holds above its 50-week average and above the Ichimoku cloud, and signal strength stays high, 87 out of 100. The trade is in its 7th week and up 1.68% since entry — first in the ranking of the 70 open buys in European-UK stocks.
This week's summary
Bayer stock closes the week up a modest 0.5%, with sellers still slightly ahead on the last weekly candle and candle bodies thinning out. The underlying picture stays solid though: price still works above its 50-week average and above the Ichimoku cloud, and signal strength holds high, at 87 out of 100. In our weekly technical analysis, the trade is in week 8 and up 2.21% since entry — first in the ranking of the 70 open buys in European-UK stocks.
IQS Phase
56
ordinary
Signal Strength
87
high · wide move
Sizing
FULL
Ranking
#1 / 70
EU-UK stocks in progress
Trade P&L %
+2.21%
from signal to date, no stop loss
Rank position
ranks 1st among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV4
Sector regimein strong phase
Performanceweekly +4.34% · monthly +2.68%
BAYN belongs to the european sector (reference ETF EXV4). The sector is classified in strong phase according to our weekly reading.
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