Open BUY · week 6 · EU-UK stocks
International Petroleum slips 1.6% and is back to breakeven, leaning on its 50-day average
Our view last week
International Petroleum slipped 3.2%, ending a two-week run of gains: sellers came out ahead in the weekly bar, the price action points to a distribution phase and money flow has been below zero for 4 weeks. International Petroleum stock still sits 15% above its 50-week average, with the MACD above its Signal line but losing pace. The buy signal holds, with the trade up 1.7% since entry.
This week's summary
A second straight down week for International Petroleum: a 1.6% slip takes the trade back to breakeven with its entry, from a 1.7% gain a week ago. International Petroleum stock touched its 50-day moving average and held there, while the price action points to a distribution phase and the MACD histogram has been falling for 2 weeks. In this week's technical analysis the buy signal still stands, with aligned moving averages, but it is losing pace: a swing trading setup to manage.
IQS Phase
41
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#5 / 29
EU-UK stocks in progress
Trade P&L %
+0.00%
from signal to date, no stop loss
International Petroleum (0V1L) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 5th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH1
Sector regimein positive regime
Performanceweekly -1.00% · monthly +1.11%
0V1L belongs to the european sector (reference ETF EXH1). The sector is classified in positive regime according to our weekly reading.
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