E.On, confirmation holds in week 2
E.On climbs 1.9% and confirms its double bottom, buyers near 80%
E.On, confirmation holds in week 2
Our view last week
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.
This week's summary
E.On closes its second week up 1.9%, confirming the double bottom in the 17 area that triggered the signal. Under the surface the picture is improving: buyers control nearly 80% of daily turnover and the weekly MACD has turned bullish, with the histogram climbing. The price now sits between resistance in the 19.7 area and support in the 19.5 area, inside a European sector backdrop that has turned positive.
IQS Phase
76
in tension
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#32 / 59
EU-UK stocks in progress
Trade P&L %
+3.35%
from signal to today
Rank position
ranks 32nd among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH9
Sector regimein positive regime
Performanceweekly +0.44% · monthly +3.14%
EOAN belongs to the european sector (reference ETF EXH9). The sector is classified in positive regime according to our weekly reading.
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