FTSE MIB · weekly technical analysis
MIB: rejected at the all-time high as money flow turns negative
Our view last week
The MIB, the FTSE MIB ETF, tested its all-time high again and was pushed back: where a week ago momentum was reigniting, weekly technical analysis now records price action turned lower, sellers owning the last bar and daily buying participation below 37%. In week 18 the gain since the buy signal still stands at 15.48%, while Signal Strength falls to 0 out of 100 and ADX keeps climbing.
This week's summary
The MIB, the FTSE MIB ETF, went at its all-time high again and was firmly rejected: weekly technical analysis records a second straight down close, money flow below zero after 14 positive weeks, and daily buying participation collapsing under 10%. In week 19 the buy signal still holds a 13.55% gain, but Signal Strength sits at 0 out of 100.
IQS Phase
39
ordinary
Signal Strength
0
low · fading
ATH distance
2.56%
2.56%
KPI 4
0/3
Trade P&L %
+13.55%
from signal to date, no stop loss
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