Itausa: the buy signal holds in its third week
Itausa slips 1.2%, but the double bottom in the 13 area keeps the buy signal alive
Itausa: the buy signal holds in its third week
Our view last week
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.
This week's summary
Itausa shares have just carved out a clean double bottom in the 13 area, with a 5% intraweek rebound that held even as the week closed down 1.2%. It's the third week of a buy signal that's holding: the weekly structure stays bullish, with all four structural averages aligned, while under the surface some caution flags are showing - contracting volume and sellers taking over the last session. A technical analysis worth following closely over the coming weeks.
Open BUY
·3rd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 10
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IQS Phase
46
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#4 / 13
Rest of the World stocks in progress
Trade P&L %
-1.10%
from signal to today
Rank position
ranks 4th among the 13 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
ITSA4 belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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