Energy under pressure — sell signal
BP PLC Sponsored ADR: fresh sell signal, trading not recommended
Energy under pressure — sell signal
In Summary
BP PLC Sponsored ADR receives a fresh sell signal, now in its 1st observation week. The weekly structure is intermediate bearish and MACD is in negative territory, but the stock still trades 22.9% above the 200-week average, with the confirmation week still in progress. Our model flags the opening as elevated risk: this is not the time to initiate a new short.
Fresh sell signal
·1st week from start
·US stocks
·T2
IQS Phase
54
ordinary
Signal Strength
25
indecisive week
Sizing
MINIMUM
Ranking
#80 / 96
New us stocks
Trade P&L %
-2.63%
from signal to today
restricted Platinum content