Open BUY · week 4 · EU-UK stocks
Iveco Group gains 1.2% and sets a new 90-day high while the buy signal stays weak
Our view last week
A bullish engulfing is forming on Iveco Group's daily chart, with 71% of volume on the buy side and money flow positive. Yet Iveco Group stock closed the week flat at 0.0% and stays pinned under its 7-day high, in the 14.12 area: as a week ago, clearing that cap is the missing trigger. Our technical analysis sees a buy signal that holds, with weekly price action still undecided: one of the stocks to watch among this week's buy signals.
This week's summary
Iveco Group gains 1.2% and sets a new 90-day high, confirmed by the weekly close: the cap that held it down a week ago is now behind it. The move is short of breath, though: the last session closed at its low, with the daily RSI at 80. On our technical analysis Iveco Group stock is still a weak entry among this week's weekly buy signals, trading below its 50-week average. Price action says manage the position and wait for a close above the 14.35 area.
IQS Phase
65
in tension
Signal Strength
16
low · fading
Sizing
MINIMUM
Ranking
#29 / 29
EU-UK stocks in progress
Trade P&L %
+1.64%
from signal to date, no stop loss
Iveco (IVG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 29th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 16 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimeweak phase
Performanceweekly -0.03% · monthly +0.15%
IVG belongs to the italian sector (reference ETF EXH4). The sector is classified weak phase according to our weekly reading.
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