Week 20 of the buy, MACD turns
MIB ETF: MACD crosses below after 19 weeks, a rally to manage
Our view last week
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.
This week's summary
The MIB, the FTSE MIB ETF, closes a third straight week lower and technical analysis marks the turn: MACD slips below its signal line after 19 weeks above, with the histogram back under zero. The all-time high rejected price in mid-August and sellers have led the tape for three weeks. In week 20 the buy signal still holds 13.44%, with Signal Strength at 0 out of 100 — price action says manage a mature trade setup.
IQS Phase
30
compressed / accumulation
Signal Strength
0
low · fading
ATH distance
2.65%
2.65%
KPI 4
0/3
Trade P&L %
+13.44%
from signal to date, no stop loss
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