FinecoBank: a pause at the highs, ADX climbing
FinecoBank stock: -0.2% pause at the highs, but ADX confirms the trend
FinecoBank: a pause at the highs, ADX climbing
Our view last week
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.
This week's summary
FinecoBank stock closed the week almost flat, -0.2%, after testing the 23.9 area for a third time without breaking through. Under the surface the picture stays solid: ADX keeps climbing - the trend gaining conviction - and on the daily chart the stock already bounced off its EMA20, in the 23 area. The buy signal sits at +14% since entry, with the July 29 earnings now behind it. Weekly technical analysis of an uptrend that isn't forcing the issue.
IQS Phase
62
ordinary
Signal Strength
83
high · wide move
Sizing
FULL
Ranking
#4 / 61
EU-UK stocks in progress
Trade P&L %
+14.06%
from signal to date, no stop loss
Rank position
ranks 4th among the 61 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 +2.05% · monthly +3.45%
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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