Pirelli: model coverage now complete, trade up 7.89%
Pirelli slips 0.9%, but the bounce off the 20-day average holds the bullish structure
Our view last week
After a week under seller control, buyers take back the wheel: Pirelli stock rises 2.2% on 80% buy volume, and on the daily chart it rebounds 4% off a touch of the 20-day moving average, in the 6.4 area. The weekly structure stays bullish across the board, above the Ichimoku cloud, with the trade now in its 18th week of management and up 8.86% since entry.
This week's summary
Pirelli eases slightly this week, -0.9%, after last week's 2.2% jump: on the daily chart the stock touches the 6.5 area and bounces 2% off the 20-day moving average, with 61% of volume still on the buy side. The weekly structure stays bullish across the board, with price above the 50-week average and the MACD still above its Signal line, even as ADX and momentum lose a bit of drive. The trade is in its 19th week, up 7.89%.
IQS Phase
61
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#41 / 70
EU-UK stocks in progress
Trade P&L %
+7.89%
from signal to date, no stop loss
Rank position
ranks 41st among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorItalian
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
PIRC belongs to the italian sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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