Monte dei Paschi: 4% bounce, trend gaining pace
Monte dei Paschi climbs 1.1% and rebounds off its 20-day average, room still ample
Monte dei Paschi: 4% bounce, trend gaining pace
Our view last week
Banca Monte dei Paschi di Siena is in week 11 of a buy signal, up 21.65% since entry. The signal strength is high, at 83 out of 100, and the stock ranks 4th among the 62 open buys for European-UK stocks. The model's coverage is complete: all 3 statistical targets have been hit, and the stop now trails the weekly Inversion Point.
This week's summary
Banca Monte dei Paschi di Siena bounces 4% off its own 20-day moving average, in the 11 area, and price stays boxed into a tight range between support and resistance. Money flow hits its highest level in four weeks and the ADX is climbing, a sign the trend is gaining conviction. The stock is up 23% from entry, in its 12th week of management.
IQS Phase
57
ordinary
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#6 / 60
EU-UK stocks in progress
Trade P&L %
+23.00%
from signal to today
restricted Platinum content