Fresh sell signal, 4th of 56 in Europe-UK
Compass Group sheds 4.1% as a fresh sell signal fires on lower lows
Fresh sell signal, 4th of 56 in Europe-UK
Our view last week
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.
This week's summary
The picture flips on Compass Group: after 12 weeks as a profitable buy, this week a fresh sell signal fires, and the stock sheds 4.1%, retesting the 30 area with a double bottom. Compass Group stock now ranks 4th among the 56 European-UK sell signals: the decline is making lower lows, pace holding, with no sign of exhaustion. Price still sits above its 200-week average, though, and the band flags trading as not recommended.
IQS Phase
41
ordinary
Signal Strength
96
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#4 / 56
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 4th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 96 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
CPG belongs to the european sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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