Buy signal · week 2, +5.4% since entry
Munich Re +1.5%: higher lows and buy-side flow under the Kumo cloud
Buy signal · week 2, +5.4% since entry
Our view last week
Munich Re is in week 1 of a buy signal, and the trade already stands at +3.91% since entry. The confirmation week closes higher, but our model reads the setup as technically weak: signal strength is medium, at 52 out of 100, and the stock ranks 31st among the 62 European buy signals currently open. The price sits between the first resistance and the first support flagged by the system.
This week's summary
Munich Re shares extend their run of higher lows on the daily chart — five in a row, from the 459 area to the 497 area — with money flow firmly on the buy side and two-thirds of daily volume from buyers. On the weekly chart the pace is more cautious, with a few distribution signs, but the trade is already up 5.4% and the confirmation week closes positive. In this technical analysis: signal strength 52 out of 100, medium conviction.
IQS Phase
63
ordinary
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#30 / 60
EU-UK stocks in progress
Trade P&L %
+5.42%
from signal to today
restricted Platinum content