Munich Re: buy signal, week 5
Munich Re rises 2.6% as the buy signal holds into its fifth week
Munich Re: buy signal, week 5
Our view last week
Munich Re slips 1.3% this week, but the technical response has already shown up: a 3% bounce off the daily EMA20, touching the 494 area before recovering toward the 501 area. Two flags remain worth watching - contracting volumes and a weak last candle - while daily money flow still favors buyers, with 82% of volume on the buy side. The stock keeps trading in a tight corridor between the 507 and 515 areas.
This week's summary
Munich Re closes the week up 2.6%, with daily money flow firmly on the buyers' side, 72% of volume on the buy side. Munich Re stock stays in a buy signal at week 5, with IQS in tension at 69 out of 100. Earnings are due August 7, this very week: one more thing to watch. The stop is already at breakeven: the 9.3% gain since entry stays protected.
IQS Phase
69
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#26 / 61
EU-UK stocks in progress
Trade P&L %
+9.32%
from signal to date, no stop loss
Rank position
ranks 26th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.05% · monthly +3.45%
MUV2 belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content