Generali still near highs, +22.5% since signal
Generali stock: +2.5% and another push against record highs
Generali still near highs, +22.5% since signal
Our view last week
Generali shares closed the week with another 1.6% advance, and buyers stayed firmly in charge: 97% of volume was on the buy side. The stock hit the wall in the 43 area twice though - the 7-day high and the daily upper Bollinger Band - without breaking it, a clean rejection that slowed the push. The weekly ADX keeps climbing and money flow strengthened, but the price action also flags contracting volumes: the trend still holds, the push just a touch softer.
This week's summary
Generali shares closed another positive week, +2.5%, with buyers still in charge on 77% of volume and the weekly RSI at 75.1: the stock is working within a whisker of its record highs. The trend is gaining conviction, with ADX at 26.1, but volumes stay contracted, the same warning as last week. The trade has been open for 16 weeks, up 22.5%, with earnings due this very week.
IQS Phase
68
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#28 / 61
EU-UK stocks in progress
Trade P&L %
+22.53%
from signal to date, no stop loss
Rank position
ranks 28th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
G belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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