Compass Group buy signal, week 12
Compass Group slips 2.1% as buyer dominance fades on volume
Compass Group buy signal, week 12
Our view last week
This week Compass Group shares fell 1.4%, but the daily chart tells a different story: a clean double bottom in the 31 area, a 14% intermediate rebound, and 85% of the buy volume dominating the session. The stock is still hugging its all-time highs, a level already tested twice, confirming the same caution seen last week. Compass Group's technical analysis shows a buy signal in its 11th week, up 7.27%.
This week's summary
Compass Group's buy signal has been in management for 12 weeks, and this week it gave back 2.1%: the daily double bottom re-formed lower, in the 30 area, with a smaller rebound, 9% against last week's 14%, and buyers slipped to 54% of volume, down from 85% a week ago. The weekly picture shows MACD, momentum and ADX all cooling: the trend holds but loses steam. The trade is still up 5% from entry.
IQS Phase
51
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#34 / 61
EU-UK stocks in progress
Trade P&L %
+5.04%
from signal to today
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