FinecoBank, buyers retake control
FinecoBank jumps 3.7% and tests its recent highs again
FinecoBank, buyers retake control
Our view last week
FinecoBank's rally keeps losing pace: after the 4.1% gain two weeks ago and last week's further 1%, the stock closes this week almost flat, up just 0.2%, and for the first time in a month sellers take control of weekly volume, 66% versus 34% for buyers. The price is still hugging its recent highs, rejected twice in the 23.5 area: the uptrend holds, but the push is thinning.
This week's summary
This week FinecoBank shares beat back every attempt at a pullback: up 3.7%, with 85% of volume back on the buy side after last week's brief pause. The stock is testing the 23.9 area again, already rejected there twice, while money flow keeps climbing. Two caveats remain - volume thinning over time and buying pressure fading in the wider picture - and earnings are due this very week.
IQS Phase
70
in tension
Signal Strength
83
high · wide move
Sizing
FULL
Ranking
#3 / 59
EU-UK stocks in progress
Trade P&L %
+14.30%
from signal to today
Rank position
ranks 3rd among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 83 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
FBK belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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