Recordati · buy signal under scrutiny
Recordati gains 0.8% and is back under its highs with money flow still negative
Our view last week
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.
This week's summary
Recordati regains 0.8% and is back under its 30-day high, in the 53.2 area, which it only approached again this week. A week ago the buy signal came out of its confirmation week weaker, and little has changed: weekly money flow is improving but still below zero, and the MACD histogram keeps falling. In our technical analysis of Recordati stock the underlying structure stays bullish; this trade setup still calls for caution.
IQS Phase
54
ordinary
Signal Strength
25
low · fading
Sizing
MINIMUM
Ranking
#24 / 25
EU-UK stocks in progress
Trade P&L %
-0.09%
from signal to date, no stop loss
Recordati (REC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 24th among the 25 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 regimein positive regime
Performanceweekly +1.87% · monthly +1.14%
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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