A fresh buy signal on Leonardo after 13 weeks of selling
Leonardo climbs 5.5% as the sell signal fades and a fresh buy signal takes over
A fresh buy signal on Leonardo after 13 weeks of selling
Our view last week
Leonardo shares confirm the rebound flagged last week: after the bullish engulfing bar that showed up on the daily chart, the stock climbs 3% and bounces off its own EMA20, with a touch in the 50 area and a 4% recovery from there. The Sell signal, open for 13 weeks, still holds its direction but shows the first signs of fatigue; volatility stays high and earnings land this week, with the short still up just under 1%.
This week's summary
Leonardo climbs 5.5% this week and closes out a sell signal that had run for 13 weeks: a fresh buy signal takes its place. The price is back near recent highs, buyers control 61% of daily volume and cash flow has turned positive. Earnings, out just days ago, left the picture unshaken: the gap risk is now behind it.
IQS Phase
67
in tension
Signal Strength
63
medium
Sizing
STANDARD
Ranking
#5 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 5th among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 63 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
LDO belongs to the italian sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
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