Bayer: the buy signal holds in its 3rd week
Bayer slips 3.3%, and its buy signal still ranks first among European Longs
Bayer: the buy signal holds in its 3rd week
Our view last week
Bayer gave back 6.1% in this confirmation week, with sellers back in control on the last bar: the same weakness our model had already flagged last week, despite the earlier positive close. The buy signal still ranks 1st among 60 open European Longs, signal strength 89, and the trade is now up 6.64%. Discipline calls for a cautious trim, with the first window four weeks away.
This week's summary
Bayer's shares close the week down 3.3%, but the 3% rebound off their own 20-day moving average, in the 47 area, with buy volume dominating at 98%, tells a sturdier story than the headline number. The buy signal still ranks first among the 61 open European Longs, signal strength 89 out of 100, and in this weekly technical analysis our model rates the setup technically weak, calling for a cautious trim.
IQS Phase
67
in tension
Signal Strength
89
high · wide move
Sizing
FULL
Ranking
#1 / 61
EU-UK stocks in progress
Trade P&L %
+3.11%
from signal to today
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