Vinci opens a fresh buy signal
Vinci stock climbs 2.3% as a fresh buy signal fires and the sector accelerates
Vinci opens a fresh buy signal
Our view last week
Vinci speeds up its bounce off the daily EMA20: after touching the 118 area, Vinci stock recovers 3.5% in the week just closed. The 3-week observation window on the sell signal closes without confirmation from the market, and signal strength drops further, to 2 out of 100 — the mark of a decline that is nearly spent. Earnings, out last week, are now behind it. In Vinci's technical analysis the picture still calls for caution, with no new entries.
This week's summary
Vinci stock accelerates, +2.3% this week, as a fresh buy signal fires just as European construction stocks rally, +2.6% on the week and +5.4% on the month. In our Vinci technical analysis the picture still calls for caution: price action shows sellers still active, and the entry trigger only fires above the 128 area.
IQS Phase
36
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#4 / 6
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 4th among the 6 fresh Longs for European-UK stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.63% · monthly +5.41%
DG belongs to the european sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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