Sell signal, week 18: the decline picks up pace again
British American Tobacco drops 5.3% and slides to the edge of its 100-week average
Our view last week
After two weeks in the buyers' hands, volume swings back to the sellers: 79% of the weekly bar traded on the sell side, and British American Tobacco stock slips 0.4%, still below its 50-week moving average, in the 4240 area. Money flow turns lower again, while the MACD histogram narrows for a third week. On the technical analysis the decline has its volume back, with little push behind it; for swing trading on the Sell signal, the short is 5.1% in profit.
This week's summary
The decline is back in motion: British American Tobacco stock drops 5.3%, its widest fall in 4 weeks, and slides to the edge of its 100-week moving average, in the 3930 area. A week ago the push was still weak; now money flow and RSI sit at their lows for the period, and the MACD histogram turns down after 3 weeks of recovery. On the technical analysis the price action reads neutral; for swing trading, the short climbs to a 10.1% profit.
IQS Phase
65
in tension
Signal Strength
52
decline starting to make lower lows
Sizing
STANDARD
Ranking
#18 / 89
EU-UK stocks
Trade P&L %
+10.08%
from signal to date, no stop loss
British American Tobacco (BATS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 18th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 52 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