Mediobanca +1.8%: buyers in control, ADX rising
Mediobanca gains 1.8% and bounces off its 20-day average as buyers take control
Mediobanca +1.8%: buyers in control, ADX rising
Our view last week
Mediobanca is in week 11 of a buy signal, with the trade up 29.17% since entry. Our most advanced model's coverage is complete, all 3 targets hit, and the stop now follows the Inversion Point to protect the gain. The setup quality indicator stands at 75 out of 100, in a tension-of-maturity phase, while signal strength has eased to 56 out of 100.
This week's summary
Mediobanca bounces off its own 20-day moving average and adds 5% from the touch in the 26 area this week, with buyers running 88% of the tape and the weekly ADX climbing — the trend is gaining conviction. The RSI has stayed above 70 for weeks though, and volume contracted on the last bar: overbought flags worth watching. The trade is well in the money, above 31%, with earnings due in early August.
IQS Phase
66
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#26 / 60
EU-UK stocks in progress
Trade P&L %
+31.49%
from signal to today
restricted Platinum content