UniCredit stalls in the corridor below its highs
UniCredit closes flat (-0.2%) and stays boxed under its highs
UniCredit stalls in the corridor below its highs
Our view last week
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.
This week's summary
UniCredit consolidates in a tight band below its highs: this week price closes almost flat, -0.2%, with sellers still slightly ahead on volume but unable to push the stock out of range. UniCredit stock stays squeezed between the 20-day moving average, in the 80.6 area, and the daily pivot just below, in the 80 area: last week's earnings are now behind it, and the trade, in its 14th week, is up 12%.
IQS Phase
59
ordinary
Signal Strength
31
medium · weak
Sizing
REDUCED
Ranking
#59 / 59
EU-UK stocks in progress
Trade P&L %
+12.00%
from signal to today
Rank position
ranks 59th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 31 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
UCG belongs to the italian sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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