Bayer's buy signal holds despite the lower highs
Bayer climbs 4.3% but the daily chart still shows lower highs, with August 4th earnings adding tension
Bayer's buy signal holds despite the lower highs
Our view last week
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.
This week's summary
Bayer's shares close the week up 4.3%, but the daily chart tells a different story: still 4 lower highs in a row, running from the 52 area down to the 48 area, with sellers still driving the recent sessions, though their grip is fading and volumes are contracting. The weekly picture holds up well: RSI at 61.8, ADX stable, price above the Kumo, while the daily money flow stays negative. Earnings land this week, on August 4th, adding a risk factor worth watching.
IQS Phase
55
ordinary
Signal Strength
89
high · wide move
Sizing
FULL
Ranking
#1 / 61
EU-UK stocks in progress
Trade P&L %
+2.23%
from signal to date, no stop loss
Rank position
ranks 1st among the 61 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 -0.61% · monthly -2.43%
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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