BNP Paribas accelerates, closing in on record highs
BNP Paribas stock +3.5%: the rally accelerates near record highs
BNP Paribas accelerates, closing in on record highs
Our view last week
Our technical analysis on BNP Paribas stock points to a week of acceleration: buyers reclaim 79% of volume, up from 59% seven days ago, and money flow keeps climbing, from 0.34 to 0.48. The weekly RSI closes in on 70 while the price holds near the highs, between the 105 area and the 106 area. The trade has been under management since week 14 and is running with gains above 12%.
This week's summary
Weekly technical analysis on BNP Paribas stock points to a sharp acceleration: +3.5% on the week, buyers back at 89% of volume, and the RSI at 72.9. Compared with seven days ago the pace holds, with the ADX tightening its grip on the trend. The stock is now hugging its all-time highs, boxed into a tight corridor between support and resistance in the 110 area.
IQS Phase
76
in tension
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#48 / 61
EU-UK stocks in progress
Trade P&L %
+16.31%
from signal to date, no stop loss
Rank position
ranks 48th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
BNP belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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