Bayer, week 4: breakeven stop triggered
Bayer drops 5% as the buy signal hits its breakeven stop
Bayer, week 4: breakeven stop triggered
Our view last week
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.
This week's summary
Bayer's shares close the week down 5%, the fourth straight lower high in a run from the 54 area toward 48: the price action points to selling pressure, with buyer dominance collapsing and sellers ruling the last bar. The buy signal still ranks first among the 59 open European Longs, with a high signal strength -- wide and volatile. Price closed this week below the breakeven stop flagged in last week's card (47 area): for anyone following that level the trade is closed.
IQS Phase
58
ordinary
Signal Strength
89
high · wide & volatile
Sizing
FULL
Ranking
#1 / 59
EU-UK stocks in progress
Trade P&L %
-2.00%
from signal to date, no stop loss
Rank position
ranks 1st among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 89 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV4
Sector regimein positive regime
Performanceweekly +0.19% · monthly -0.21%
BAYN belongs to the european sector (reference ETF EXV4). The sector is classified in positive regime according to our weekly reading.
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