BNP Paribas, the rally catches its breath
BNP Paribas rises 1.2% as buyers move back into the majority
BNP Paribas, the rally catches its breath
Our view last week
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%.
This week's summary
BNP Paribas shares add 1.2% this week and buyers move back into the majority, at 59% of volume against 54% the week before: the rally is catching its breath after last week's slowdown. Money flow stays firmly positive, but candle bodies are thinning and weekly volume is contracting: a rally that holds its course without the energy of the opening weeks. The trade has been under management for 13 weeks, up 8.12%.
IQS Phase
64
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#48 / 61
EU-UK stocks in progress
Trade P&L %
+8.12%
from signal to today
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