BNP Paribas stock: managed buy trade cools off
BNP Paribas stock falls 4.1%, but the bullish trend stays intact
Our view last week
BNP Paribas stock cools but doesn't stall: the week closes at -0.3% after last week's +2.5%, with sellers back in the majority at 61% of volume. On the daily chart the stock keeps carving higher lows toward the 111 area, and the weekly trend is gaining conviction as the ADX climbs. The trade has been under management for 17 weeks and sits at +18.9% since entry.
This week's summary
BNP Paribas stock cools off in this week's technical analysis: after three weeks higher, this week's close is -4.1%, with sellers back in the majority at 69% of volume and the RSI easing from 74 to 65. Last week's bounce was already softer than the one before, and the pace has slowed further now. The weekly structure stays bullish though, with the price solidly above its 50-week average, and the trade is up 14% since entry.
IQS Phase
52
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#64 / 70
EU-UK stocks in progress
Trade P&L %
+14.02%
from signal to date, no stop loss
Rank position
ranks 64th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
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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