Recordati · buy signal at its confirmation test
Recordati slips 0.8% as the 30-day high turns the price back once more
Our view last week
Recordati closes a third straight up week, gaining 0.7%, and triggers a new buy signal: a week ago the sell signal had run dry. On the weekly chart money flow turns positive after 3 weeks below zero. The technical analysis of Recordati stock still has one knot: the 7-day high, in the 53.2 area, has already pushed the price back, so among this week's new buy signals this trade setup calls for a cautious entry.
This week's summary
Recordati stalled again below its 30-day high, in the 53.2 area, and closed the week down 0.8% after 3 straight gains. The buy signal that fired a week ago comes out of its confirmation test weaker: weekly money flow slipped back below zero after a single positive week, and the MACD histogram has turned lower. In the technical analysis of Recordati stock the underlying structure is still bullish, and among the weekly buy signals still open this trade setup calls for caution.
IQS Phase
55
ordinary
Signal Strength
25
low · fading
Sizing
MINIMUM
Ranking
#27 / 29
EU-UK stocks in progress
Trade P&L %
-0.85%
from signal to date, no stop loss
Recordati (REC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 27th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 25 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV4
Sector regimeweak phase
Performanceweekly -2.52% · monthly -5.64%
REC belongs to the italian sector (reference ETF EXV4). The sector is classified weak phase according to our weekly reading.
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