Buy signal in its 15th week, gain above 26%
Monte dei Paschi stock slips 0.5% as the ADX keeps climbing, buy signal holds near 26%
Buy signal in its 15th week, gain above 26%
Our view last week
Weekly technical analysis: Monte dei Paschi stock jumps 4.1% this week, with 96% of trading on the buy side — a sharp reversal from last week's heavy selling. The bounce comes off a clean double bottom in the 11 area: weekly RSI up to 70.4, ADX still climbing, above 33. The trade, running for 14 weeks now, sits at a 26.9% gain.
This week's summary
After last week's 4.1% surge, Monte dei Paschi stock closes 0.5% lower, with 68% of trading on the sell side: weekly technical analysis pointing to a first pause. The ADX keeps climbing, above 35, and the RSI stays at 69.6 — the trend holding its conviction. The buy signal is in its 15th week, the residual capital running at +26.3%, with earnings landing this very week, on August 6.
IQS Phase
53
ordinary
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#7 / 61
EU-UK stocks in progress
Trade P&L %
+26.27%
from signal to date, no stop loss
Rank position
ranks 7th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
BMPS belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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