FTSE MIB ETF · record tested and rejected
FTSE MIB ETF: the record pushes price back as the drive thins out
FTSE MIB ETF · record tested and rejected
Our view last week
The MIB, the ETF tracking the FTSE MIB, stays pinned to its all-time high in the 15th week of a buy signal, up 11.57%. On the daily, price action prints a double bottom in the 52 area and buyers dominate the tape, yet the weekly picture looks spent: the MACD histogram has fallen for a month and Signal Strength is at 0 out of 100. The confirmation week closed higher, but our model reads an uptrend now late in its cycle.
This week's summary
The MIB, the FTSE MIB ETF, tested its all-time high and was pushed back: the week closed undecided and daily buying fell below 30% of turnover, after weeks of buyers owning the tape. The weekly technical analysis still reads solid — ADX at 33.7 and rising, moving averages aligned — with the trade at +12.37% performance since entry. The drive is thinning, and the moment calls for disciplined risk management.
IQS Phase
49
ordinary
Signal Strength
0
low · fading
ATH distance
1.82%
1.82%
KPI 4
0/3
Trade P&L %
+12.37%
from signal to date, no stop loss
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