Campari stock: buy signal, week 4
Campari stock slips 1.8% as the buy signal awaits a breakout above 6.01
Our view last week
Campari snaps its three-week rally with a 2.3% pullback, the first pause after a strong start. On the daily chart, though, the reaction was immediate: the stock bounced off the 5.8 area and recovered 2% in a single session. Weekly-wise the picture stays mildly bullish, with the MACD still above its Signal line and improving, though weekly volume is contracting and the rejection bars are mixed. Last week the trade closed up 1.4%: this time the pause follows three straight weeks of gains.
This week's summary
Campari gives back 1.8% in the week just closed, with sellers clearly in control of the last candle and volume contracting. This week's technical analysis of Campari stock shows a still-weak bullish picture: price stays below the 50-week average, and the buy signal, in its fourth week, is still waiting for a close above the 6.01 area to gain traction.
IQS Phase
30
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#25 / 65
EU-UK stocks in progress
Trade P&L %
-1.83%
from signal to date, no stop loss
Rank position
ranks 25th among the 65 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorItalian
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly -0.63% · monthly -2.19%
CPR belongs to the italian sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.
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