E.On confirms the buy signal, but stays cautious
E.On climbs 1.5% and confirms its fresh buy signal, though caution stays high
E.On confirms the buy signal, but stays cautious
Our view last week
After nine weeks of a sell signal running out of road, E.ON stock reversed course this week: a new Buy signal opens, backed by a double bottom in the 17 area with a 5% intermediate rebound. The week still closed down 1.1%, and on the daily chart sellers stay dominant: it's the most cautious fresh buy among today's five European Longs, with conviction still weak.
This week's summary
The buy signal that fired on E.On last week is holding: the first week closes up 1.5%, confirming the double bottom in the 17 area that kicked things off. Underneath, though, the picture stays guarded — volumes contracting, buyer dominance fading — and our model still reads a weak setup, with signal strength at 44 out of 100. It's the most cautious of today's open European Longs on E.On stock, with low volatility and a reduced position size.
IQS Phase
58
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#36 / 61
EU-UK stocks in progress
Trade P&L %
+1.45%
from signal to today
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