EU-UK stocks · Sell signal, week 11
Compass Group gains 1% as a fresh 90-day low fails to hold into the weekly close
Our view last week
Sellers stay in charge of Compass Group stock: the week closed down 1.8%, the second straight loss, with 79% of volume on the sell side after 96% the week before and money flow negative for 4 weeks. That takes the price close to its 200-week average, in the 29.2 area. What this decline lacks is conviction, with the ADX falling for 6 weeks. A technical analysis of one of the European stocks to watch, a sell signal under management with price action in distribution.
This week's summary
A fresh 90-day low in the 28.6 area, yet the weekly close did not confirm it: Compass Group stock gains 1% and still closes above its 200-week average, in the 29.2 area, the level it had drifted toward a week ago. Money flow has been negative for 5 weeks and the ADX, at 12.2, sits at its lowest in 4. A technical analysis of a sell signal under management, one of the European stocks to watch: the decline keeps its direction, the push is missing.
IQS Phase
54
ordinary
Signal Strength
9
decline losing steam
Sizing
MINIMUM
Ranking
#63 / 89
EU-UK stocks
Trade P&L %
+1.85%
from signal to date, no stop loss
Compass (CPG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 63rd among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 9 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
CPG belongs to the european sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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