Buy signal in management for 16 weeks, +25%
Banca Mediolanum stock rises 1.9%, holding just off its all-time highs
Buy signal in management for 16 weeks, +25%
Our view last week
Banca Mediolanum finds its footing again: up 1.7% on the week and trading just off its all-time highs, in the 22.9 area. Seven days ago sellers led for the first time; now buyers are back in control with 76% of the volume, and the money flow swings sharply higher. A rising ADX shows the trend gaining conviction, while the daily chart still shows the double bottom in the 21 area with a 7% rebound. Earnings land this week, on July 30.
This week's summary
Banca Mediolanum is trading just off its all-time highs, only 0.5% below the record, and the rally is backed by volume: buyers made up 90% of this week's trade and the ADX climbed to 35, a sign the trend keeps gaining conviction. The buy signal has been under management for 16 weeks and now sits 25% in profit. Banca Mediolanum technical analysis: the weekly structure stays solid, but the room to run before the next historical resistance is now thin.
IQS Phase
72
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#10 / 61
EU-UK stocks in progress
Trade P&L %
+24.97%
from signal to date, no stop loss
Rank position
ranks 10th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
BMED belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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