Monte dei Paschi · open long, week 24
Monte dei Paschi drops 5.7%, losing its 50-day average and the daily Kumo
Our view last week
The weekly MACD on Monte dei Paschi stock has dropped below its signal line for the first time in 22 weeks, just as the shares recovered 1.7% and stalled under the 12.0 area, the 7-day high. Money flow, though, is rising and buyers are back to 73% of volume. In technical analysis terms it is a pause below the highs worth watching closely, with the swing trading position up 30.6% since entry.
This week's summary
Monte dei Paschi stock dropped 5.7% and in a single week lost its 50-day moving average and the whole daily Kumo, while the weekly MACD stays below its signal line and the RSI slips from 66 to 57. In technical analysis terms last week's pause has turned into a correction, with money flow still positive but weakening. Price closed below the first stop level (SL1) and the second stop level (SL2) flagged in last week's card (11.4 area, 11.39 area): for anyone following those levels the trade is closed. The close and the Inversion Point, in the 11.4 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
IQS Phase
33
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#13 / 29
EU-UK stocks in progress
Trade P&L %
+23.11%
from signal to date, no stop loss
Monte dei Paschi (BMPS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 13th among the 29 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 regimeweak phase
Performanceweekly -4.91% · monthly -4.92%
BMPS belongs to the italian sector (reference ETF EXV1). The sector is classified weak phase according to our weekly reading.
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