Terna: buyers back to 97%, ADX falling
Terna gains 1% as buyers rush back to 97% of volume
Terna: buyers back to 97%, ADX falling
Our view last week
Buyers in Terna now hold just 53% of trading volume, down from 83-87% three weeks ago — as flagged last week — while the price stays boxed between the ceiling in the 10.38 area and the floor in the 10.23 area. The ADX is falling, the trend is losing conviction, and money flow, still positive, is cooling off. On the daily technical picture a clean double bottom still holds in the 9.8 area, with an 8% rebound: the buy trade, open for 13 weeks, now sits at -0.73% from entry.
This week's summary
Terna's shares turn a corner this week: buyers jump back to 97% of trading volume, up sharply from 53% seven days ago, and the price holds its daily double bottom in the 10.0 area with a 4% bounce. Terna's weekly technical analysis flags a trend losing steam - the ADX falls for a fourth straight week - even as money flow strengthens. The buy signal, now in its 14th week, is still roughly at breakeven.
IQS Phase
50
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#59 / 61
EU-UK stocks in progress
Trade P&L %
+0.29%
from signal to today
restricted Platinum content