Mps: open long in play, week 19
Mps dips 1.5% as the trend holds: the ongoing trade runs at +24%
Our view last week
After weeks of near-uninterrupted push, Mps slows down: the week closes at -3.8% as sellers take back the lead, with 84% of volume on the sell side. The bigger picture doesn't break, though: the ADX keeps climbing, now in its 13th straight week, and on the daily chart price keeps carving higher lows from the 11 area toward the 12 area. The trade, open for 18 weeks, is running at +26.3%.
This week's summary
Mps closes the week down 1.5%, with 83% of volume still on the sell side: the selling pressure is easing from last week's -3.8%, but it hasn't faded away yet. The bigger picture still holds up — the ADX keeps climbing to a fresh multi-week high, and weekly money flow has stayed positive for 17 straight weeks. Mps stock technical analysis: the trade, open for 19 weeks, is running at +24.4%, with the stop now trailing the Inversion Point.
IQS Phase
54
ordinary
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#15 / 65
EU-UK stocks in progress
Trade P&L %
+24.44%
from signal to date, no stop loss
Rank position
ranks 15th among the 65 Longs already running for European-UK stocks in our ranking, with a signal strength of 64 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +0.51% · monthly +3.83%
BMPS belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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