Saipem rebounds 4.9% with earnings in the spotlight
Saipem bounces 4.9% and presses back toward its seven-session high
Saipem rebounds 4.9% with earnings in the spotlight
Our view last week
This week's drop was sharp: -4.8%, with sellers commanding 83% of the volume. Saipem's weekly technical analysis shows warnings piling up - buyers in retreat, distribution underway - while price stays boxed between resistance in the 4.24 area and support in the 4.19 area. The trade's gain, which last week was running above 80%, has now eased to 72%.
This week's summary
Saipem rebounds 4.9% after last week's 4.8% drop, driven by a clean double bottom in the 4.2 area with an 11% intermediate recovery. Buyers regain the upper hand - 64% of volume - but money flow stays negative and distribution continues in the background: the ADX is cooling for a third straight week. Saipem shares also face this week's earnings report, a possible source of added volatility. The trade is running at an 80.66% gain since entry.
IQS Phase
45
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#40 / 59
EU-UK stocks in progress
Trade P&L %
+80.66%
from signal to today
Rank position
ranks 40th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorItalian
Benchmark ETFEXH4
Sector regimein positive regime
Performanceweekly +1.57% · monthly +0.29%
SPM belongs to the italian sector (reference ETF EXH4). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content