Mature rally, ADX still climbing
Mediobanca stock: +0.4% this week as the ADX hits a multi-month high with earnings just ahead
Mature rally, ADX still climbing
Our view last week
After a week ruled by sellers, Mediobanca shifts gear: buyers retake control with 91% of the volume and the stock adds 3.2%, pushing the weekly RSI above 75. The ADX keeps climbing, but the MACD loses steam and volumes contract: our weekly technical analysis points to a maturing rally. The trade, now in its 14th week, sits above a 34% gain.
This week's summary
Mediobanca stock closes its 15th week of the rally with a modest +0.4%, after last week's +3.2%. The weekly ADX keeps climbing, though, now above 42, a sign the trend keeps gaining conviction. Beneath the surface the first fatigue signals are piling up — contracting volumes, mixed rejection bars, overbought conditions persisting for weeks — and our weekly technical analysis points to a maturing rally, with the August 6 earnings report just ahead.
IQS Phase
64
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#33 / 61
EU-UK stocks in progress
Trade P&L %
+35.07%
from signal to date, no stop loss
Rank position
ranks 33rd among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
MB belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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