Open buy in management · week 13, +12.2%
UniCredit slips 2.9% as sellers retake control of volume
Open buy in management · week 13, +12.2%
Our view last week
UniCredit's stock is pushing back toward its highs: after last week's first signs of fatigue, the stock rebounded 5% off its own 20-day moving average, with buyers still commanding 88% of volume. Price, though, stays boxed into a very tight band between a resistance and a support just a few tenths apart, a sign the push, while real, is struggling for room. The trade is in its 12th week and running up 15.5% since entry.
This week's summary
UniCredit shifts gears after last week's bounce: this week sellers retake control of volume (76%), with the last bar dominated firmly by the bearish side, and the stock gives back 2.9%. In the weekly technical analysis the picture stays neutral, with price boxed into a tight band between a support and a resistance just tenths apart. The trade is in its 13th week, up 12.2% since entry, with earnings due this week.
IQS Phase
43
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#60 / 61
EU-UK stocks in progress
Trade P&L %
+12.24%
from signal to today
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