Mediobanca: sellers take back control
Mediobanca dips 0.8% as sellers take back control of the tape
Mediobanca: sellers take back control
Our view last week
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.
This week's summary
After weeks of buyers running the tape, the wind shifts on Mediobanca this week: sellers take 71% of the volume and the stock gives back 0.8%, right as the weekly RSI stays above 73 for weeks — the overbought flag already surfacing last week. The ADX keeps climbing though, confirming the underlying trend still holds. The trade is in its 13th week, comfortably in profit above 30%.
IQS Phase
51
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#27 / 61
EU-UK stocks in progress
Trade P&L %
+30.43%
from signal to today
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