Recordati: buyers lead, but MACD is cooling
Recordati stock +0.6%: buyers lead but MACD loses its edge
Recordati: buyers lead, but MACD is cooling
Our view last week
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.
This week's summary
Recordati closes the week up 0.6%, and buyers stay in charge for a second week running: 70% of volume goes to the buy side, the highest reading of the recent run. Beneath the gain, though, a crack keeps widening: the MACD histogram narrows for a fourth straight week, a sign the push is losing steam. Recordati stock remains one to watch in technical analysis terms, with the trade now up 5.67% since entry.
IQS Phase
74
in tension
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#53 / 61
EU-UK stocks in progress
Trade P&L %
+5.67%
from signal to date, no stop loss
Rank position
ranks 53rd among the 61 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 -0.61% · monthly -2.43%
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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