The buy signal advances, backed by buyers
Fincantieri jumps 6.1% in a week as the EMA20 bounce backs up the buy signal
The buy signal advances, backed by buyers
Our view last week
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.
This week's summary
Fincantieri accelerates: the week just closed adds a 6.1% jump, driven by a rebound off the daily EMA20 with buyers still in control of volume. The price is now brushing recent highs, with the July 29 earnings report now behind it and no aftershocks. The trade, opened 3 weeks ago, is up 17.1% from the signal.
IQS Phase
63
ordinary
Signal Strength
83
high · wide & volatile
Sizing
FULL
Ranking
#5 / 61
EU-UK stocks in progress
Trade P&L %
+17.11%
from signal to date, no stop loss
Rank position
ranks 5th 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 ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
FCT belongs to the italian sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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