Open buy signal, second week
Fincantieri gains 1.5% and awaits the July 29 earnings
Open buy signal, second week
Our view last week
The buy signal that fired on Fincantieri last week is holding: the confirmation week closes with an 8.7% jump, all of the day's volume on the buy side, and price back above the daily Ichimoku cloud. One caveat: candle-body conviction is gradually fading. Fincantieri's weekly technical analysis still confirms 2nd place among the 61 open European Longs, with signal strength 87 out of 100.
This week's summary
Fincantieri's buy signal, which fired 2 weeks ago, keeps climbing: the week just closed adds another 1.5%, though two caveats are worth watching - candle-body conviction is still building and the last session saw sellers slightly prevalent. Price holds above the daily Ichimoku cloud, with a solid daily ADX and volume still tilted toward buyers. Watch the earnings report, due this very week on July 29: a catalyst that can stir up volatility on a trade that's still young.
IQS Phase
67
in tension
Signal Strength
83
high · wide & volatile
Sizing
FULL
Ranking
#4 / 59
EU-UK stocks in progress
Trade P&L %
+10.37%
from signal to today
Rank position
ranks 4th 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 ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
FCT belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
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