Week 16: selling pressure eases, range holds tight
Recordati flat (+0.2%): sellers ease off as volume returns to balance
Week 16: selling pressure eases, range holds tight
Our view last week
At Recordati last week's fatigue signs have sharpened: sellers took near-total control — 88% of volume on the sell side against just 12% on the buy side — while the stock sits boxed into a razor-thin range, barely twenty cents between the 51.35 and 51.25 areas, after being rejected off its 7-day high, in the 51.65 area. The weekly RSI slips from 57 to 56. The trade sits at +4.95% since entry, in week 15 of management.
This week's summary
Recordati closes a flat week, up just 0.2%, but the real story is underneath: after sellers took near-total control last week (88% of volume on the sell side), this week the flow rebalances to a clean 50/50 split. Price stays boxed into a tight range between the 51.37 and 51.6 areas, with the MACD still climbing but its histogram thinning out. Weekly technical analysis: the selling pressure is easing, though no clear direction has emerged yet.
IQS Phase
63
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#47 / 61
EU-UK stocks in progress
Trade P&L %
+5.16%
from signal to today
restricted Platinum content