Mediobanca: first pullback after 4 up weeks
Mediobanca stock drops 4.3%, snapping a 4-week rally
Our view last week
Mediobanca stock closes its fifth straight up week (+0.9%), after last week's +2.6%: 84% of weekly volume is on the buy side, and the ADX keeps climbing, now at 47. Underneath, the pace is cooling: the MACD histogram has fallen for a third straight week, and the price is still hugging its all-time highs, with volumes contracting and overbought conditions persisting. The trade is running at +39.8% since entry.
This week's summary
Mediobanca stock closes the week down 4.3%, its first pullback after 4 straight up weeks, with sellers ending up dominating 96% of volume. Underneath, the picture is more nuanced: the ADX keeps climbing, a 19th straight week, and on the daily chart the stock is still carving higher lows toward the 29 area. The trade, open for 18 weeks, currently runs at +33.77% since entry: full weekly technical analysis below.
IQS Phase
48
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#53 / 70
EU-UK stocks in progress
Trade P&L %
+33.77%
from signal to date, no stop loss
Rank position
ranks 53rd among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
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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