BMPS technical analysis: week 13 of management
Monte dei Paschi dips 0.9%: heavy sell volume, but the trend still holds
BMPS technical analysis: week 13 of management
Our view last week
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.
This week's summary
Banca Monte dei Paschi di Siena stock closes the week down 0.9%, but the number that matters is in the volume: almost 80% of the last session's trading was on the sell side, with the price action flagging sellers dominant to an extreme. Price stays boxed into a tight range between support and resistance, while the ADX keeps climbing — the trend is still gaining conviction. Weekly technical analysis: the trade has been under management since week 13, up nearly 22%.
IQS Phase
44
ordinary
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#7 / 61
EU-UK stocks in progress
Trade P&L %
+21.93%
from signal to today
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