Open buy · week 4
EcoRodovias gains 10.1% and sets a new 90-day high in its 7th straight weekly rise
Our view last week
EcoRodovias stock picks up speed: +8.6% this week, up from 1.6% the week before, and the trade moves from 4.4% to 13.4% in profit since entry. On the daily chart the price action lines up 5 higher lows since September 2, from the 7.1 area to the 8.4 area, and on the weekly chart buyers have been in the majority for 6 weeks. The buy signal that fired 3 weeks ago is holding, and price stalls just under its 7-day high, in the 9.2 area: a wide, volatile swing trading case.
This week's summary
A new 90-day high, confirmed by the weekly close: EcoRodovias gains 10.1% and leaves behind the 9.2 area, where it had stalled a week ago. EcoRodovias stock is in its 7th straight weekly rise and the trade moves from 13.4% to 24.9% in profit since entry. On the weekly technical analysis MACD and money flow keep improving, while a daily RSI at 77 says the run is stretched: one of the weekly buy signals built for swing trading, wide and volatile.
IQS Phase
64
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#8 / 20
Rest of the World stocks in progress
Trade P&L %
+24.87%
from signal to date, no stop loss
EcoRodovias (ECOR3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 8th among the 20 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
ECOR3 belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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