New Sell signal · week 1
BPER drops 5.9% and loses its 20-week average as a new Sell signal fires
Our view last week
After a week run by sellers, buyers are back on BPER stock: 60% of volume is on the buy side, against 32% seven days ago, and the stock closes up 1% after a bounce off its 20-day average. The weekly MACD, though, stays below its signal line for a second week, and the candle has a small body. Technical analysis with price action worth watching closely, one of the Italian bank stocks to watch, with the trade up 10% since entry.
This week's summary
A week ago it was bouncing off its 20-day average; this week BPER stock dropped 5.9%, slipped below its 20-week average and set a new 30-day low. That triggers a new Sell signal, with the weekly MACD below its Signal line for a 3rd week. Our technical analysis calls for caution: price is still above the weekly Ichimoku cloud and the last session printed a hammer, price action to follow through the confirmation week on one of the Italian stocks to watch.
IQS Phase
68
in tension
Signal Strength
38
decline starting to make lower lows
Sizing
REDUCED
Ranking
#36 / 89
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
BPER Banca (BPE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 36th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimeweak phase
Performanceweekly -4.91% · monthly -4.92%
BPE belongs to the italian sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
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