Buyers step back in
Recordati -0.1%: buyers step back in as the MACD loses steam
Buyers step back in
Our view last week
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.
This week's summary
Recordati closes nearly flat, down 0.1%, but under the surface buyers retake the lead: 67% of volume goes to the buy side, after last week's even split and the seller dominance two weeks before. Price stays boxed into the 51.4 area, between the 20-day moving average and the daily Bollinger Band. The MACD line keeps rising, but its histogram keeps narrowing for a fourth straight week: the push is losing steam. Earnings land this very week, on July 28.
IQS Phase
66
in tension
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#52 / 59
EU-UK stocks in progress
Trade P&L %
+5.05%
from signal to today
Rank position
ranks 52nd among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV4
Sector regimein positive regime
Performanceweekly +0.19% · monthly -0.21%
REC belongs to the italian sector (reference ETF EXV4). The sector is classified in positive regime according to our weekly reading.
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