British American Tobacco, sell signal in week 6
British American Tobacco bounces 4.6% but the Sell signal stays under pressure
British American Tobacco, sell signal in week 6
Our view last week
British American Tobacco's shares close a heavy sell week: 91% of trading volume went to sellers, the highest sell skew in three weeks, while money flow keeps deteriorating. The weekly MACD has just crossed bearish, but the ADX is sliding for a third straight week — trend conviction is fading as selling pressure builds. The sell signal, under management for six weeks, still sits close to breakeven: the technical picture isn't settled yet.
This week's summary
British American Tobacco shares bounce 4.6% after a heavy sell week, climbing off a double bottom in the 4320 area with 87% of volume back on the buy side. The technical picture is two-sided though: the Sell signal, under management for 6 weeks, is still down 6%, while the ADX keeps sliding and money flow, still negative, is losing its edge. The decline is losing steam, but it hasn't broken yet.
IQS Phase
52
ordinary
Signal Strength
7
decline fading out
Sizing
MINIMUM
Ranking
#36 / 53
EU-UK stocks
Trade P&L %
-6.02%
from signal to today
restricted Platinum content