British American Tobacco: the decline loses steam
British American Tobacco stock closes flat (-0.0%) as sellers keep control
British American Tobacco: the decline loses steam
Our view last week
British American Tobacco gives back 2.1% after last week's bounce: volume flips back to the sellers, at 54%, and money flow deepens further into negative territory, from -0.10 to -0.19. Momentum collapses from +178 to -69 and the ADX slips to 15.5, a sign the trend is losing conviction. The double bottom in the 4320 area still holds for now, but last week's push higher is fading.
This week's summary
British American Tobacco closed the week essentially flat, after a bounce attempt off the daily 50-day average in the 4470 area that has already run out of steam: sellers still control 69% of volume and momentum keeps caving. In our weekly technical analysis of British American Tobacco stock the picture stays one of distribution, with the ADX slipping further to 14.5 — the sell signal continues, but with ever thinner conviction.
IQS Phase
43
ordinary
Signal Strength
9
decline fading out
Sizing
MINIMUM
Ranking
#34 / 47
EU-UK stocks
Trade P&L %
-3.77%
from signal to date, no stop loss
Rank position
ranks 34th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 9 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH7
Sector regime
Performanceweekly coming soon · monthly coming soon
BATS belongs to the european sector (reference ETF EXH7).
restricted Platinum content