Fincantieri stock: a rough week, signal still holds
Fincantieri stock: down 5% this week, buy signal still ranks 3rd
Fincantieri stock: a rough week, signal still holds
Our view last week
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.
This week's summary
Fincantieri stock closes the week down 5%, with two warning flags on the weekly candle: buyer dominance is collapsing and sellers took firm control. The buy signal still holds a gain of 11.27% since the trade opened, ranking 3rd among the 73 open buys in European-UK stocks. The Italian sector stays in a phase of strength, and the technical analysis still shows wide room before a real historical resistance.
IQS Phase
56
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#3 / 73
EU-UK stocks in progress
Trade P&L %
+11.27%
from signal to date, no stop loss
Rank position
ranks 3rd among the 73 Longs already running for European-UK stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.63% · monthly +5.41%
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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