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BP: sell signal at week 2, near-zero strength and sector in counter-trend

BP carries a sell signal at week 2 with strength at 2 out of 100 and trading flagged as not recommended by our model. The Energy sector is in a positive regime: a headwind that weighs on the short setup.

In Summary
BP carries a sell signal at week 2, but strength has collapsed to 2 out of 100 — near-total fading. Our model flags trading as not recommended: the Energy sector is pulling in the opposite direction, with XLE up 5.55% over the past month. A case to monitor, not to trade.
Sell signal in observation ·1st week from start ·US stocks ·T2
IQS Phase
52
ordinary
Signal Strength
2
low · fading
Sizing
MINIMUM
Ranking
#66 / 80
US stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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