DiaSorin, open long: the 14th week
DiaSorin rebounds 1% as the ADX hits a 16-week low
Our view last week
DiaSorin stock pulls back 1.3% after three straight weeks of gains, with sellers back to 66% of volume and momentum clearly fading on the ADX. Weekly technical analysis shows price still boxed in below the 76.6 area, already rejected twice in recent sessions. The trade, open for 13 weeks, is holding a 5.6% gain.
This week's summary
DiaSorin climbs 1% again, with buyers back in control after last week's pullback: 96% of trading moved to the buy side, against 66% on the sell side seven days ago. The bounce shows up on the daily chart too, with a 3% jump off the 20-day moving average, in the 73 area. One thing still bears watching: the ADX sits at its lowest in 16 weeks, a sign the trend is struggling to find conviction. The trade, open for 14 weeks, is holding a 6.64% gain.
IQS Phase
49
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#50 / 70
EU-UK stocks in progress
Trade P&L %
+6.64%
from signal to date, no stop loss
Rank position
ranks 50th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV4
Sector regimein strong phase
Performanceweekly +4.34% · monthly +2.68%
DIA belongs to the italian sector (reference ETF EXV4). The sector is classified in strong phase according to our weekly reading.
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