Sell signal · week 4
BP PLC ADR: accelerating decline, double bottom on the daily
Sell signal · week 4
In Summary
BP PLC ADR is at week 4 of a sell signal, with the last 2 weekly candles posting losses of 8.6% and 5% with extreme seller dominance. A double bottom has appeared in the 38 area on the daily chart, but weekly indicators remain in distribution. The quality band flags trading not recommended: those not already positioned have no reason to open a new short.
IQS Phase
83
in tension / maturity
Signal Strength
58
moderate weekly drop
Sizing
STANDARD
Ranking
#4 / 131
US stocks
Trade P&L %
+11.32%
from signal to today
restricted Platinum content