European-UK stocks · open long
Rolls-Royce (+3.7%): the bounce off the 20-day average confirms the trend
European-UK stocks · open long
Our view last week
Rolls-Royce stock snaps two straight down weeks with a 3.7% rebound, backed by 97% of volume on the buy side versus just 31% a week ago. On the daily chart the stock has just completed a double bottom in the 1340 area, with an intermediate rebound of 13%. In our weekly technical analysis money flow swings back firmly positive and the RSI climbs, though the pace of the recovery still looks contained. The trade has been under management for 14 weeks, gains back up to 8%.
This week's summary
Rolls-Royce logs a second straight up week, +3.7%, though the tone of the rally is shifting: buyers still control 63% of the tape, down from 97% a week ago, a cooling pace that stays firmly positive. On the daily chart the stock is bouncing off its 20-day moving average, in the 1410 area, up 6% from the touch in the 1380 area. The trade has been under management for 15 weeks, up 11.99%.
IQS Phase
54
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#60 / 61
EU-UK stocks in progress
Trade P&L %
+11.99%
from signal to date, no stop loss
Rank position
ranks 60th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH4
Sector regimein strong phase
Performanceweekly +2.11% · monthly +0.81%
RR. belongs to the european sector (reference ETF EXH4). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content