Open long in management: week 18, +14.88%
Interactive Brokers gains 2% as momentum breaks a five-week losing streak
Our view last week
Interactive Brokers rallies 4.8% on 85% buy volume, the strongest week in a month, printing a bullish engulfing candle on the daily chart. Interactive Brokers' weekly technical analysis, though, also shows the first signs of fatigue: momentum is slowing and the ADX is losing conviction. The trade has been open for 17 weeks and is up 12.67%.
This week's summary
Interactive Brokers' weekly technical analysis marks a change of pace: after last week's 4.8% rally, the stock adds another 2% this week, though on contracting volume. Momentum snaps a five-week losing streak and turns back up, while the ADX keeps falling, near its recent low. On the daily chart the price bounced hard off its 20-day moving average, and Interactive Brokers stock is still hugging its highs, with the trade now up 14.88%.
IQS Phase
49
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#129 / 167
US stocks in progress
Trade P&L %
+14.88%
from signal to date, no stop loss
Rank position
ranks 129th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
IBKR belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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