BNP Paribas: rally cools, ADX keeps climbing
BNP Paribas slips 1.9% as the rally cools but the ADX keeps climbing
BNP Paribas: rally cools, ADX keeps climbing
Our view last week
BNP Paribas is in week 11 of a buy signal, up 8.91% since entry. All 3 targets of our most advanced model have already been hit: coverage is complete, and the stop now trails the Inversion Point, in the 96.7 area. The stock ranks 51st among the 62 European-UK stock buys currently open, with earnings coming up on July 23.
This week's summary
BNP Paribas has been under management for 12 weeks, and this week the rally cools: the stock slips 1.9%, buy volume drops to 54% from 85%, and the MACD histogram eases from last week's peak. Price is boxed between support in the 100.4 area and resistance in the 101.1 area, while the ADX keeps climbing — the trend gains conviction even as its pace eases. The gain slips to 6.8%.
IQS Phase
63
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#47 / 60
EU-UK stocks in progress
Trade P&L %
+6.81%
from signal to today
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