Itausa: confirmation week, down 4%
Itausa slips 4% but the buy signal holds, trade roughly breakeven
Itausa: confirmation week, down 4%
Our view last week
Itausa shares bounce 8% off their own 20-day moving average, the 13 area, with 95% of volume on the buy side: a clean technical move. The week closes +4.2%, and the first confirmation week is positive: our model suggests strengthening the position. Two flags remain in the weekly price action, though: body conviction is fading and distribution is picking up, worth watching as Itausa holds 4th place among the 8 open buys in the rest-of-world stocks category.
This week's summary
Itausa shares gave back 4% this week, mostly in a single, heavily sold session, with contracting volume and rising distribution. The buy signal that fired two weeks ago is holding, though: after the strong rebound in the first confirmation week, the trade is now roughly breakeven. Itausa shares still rank 4th among the 10 open buys in the rest-of-world stocks category, with a signal strength of 66 out of 100.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 10
★ See Gold version →
IQS Phase
50
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#4 / 10
Rest of the World stocks in progress
Trade P&L %
+0.07%
from signal to today
restricted Platinum content