Compass Group, confirmation week still open
Compass Group stock: up 4.7% this week, but volume is light and sellers lead
Compass Group, confirmation week still open
Our view last week
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.
This week's summary
Compass Group's 4.7% bounce this week doesn't fully convince: volume stays light, rejection candles are mixed, and sellers edged slightly ahead in the last session. Compass Group stock remains inside the Sell signal that fired last week, now in its confirmation week: the decline has lost its early push but hasn't reclaimed the Inversion Point yet. Weekly technical analysis shows a fragile picture, with price boxed in just below its recent highs.
IQS Phase
35
ordinary
Signal Strength
28
decline losing steam
Sizing
MINIMUM
Ranking
#17 / 47
EU-UK stocks sell signals
Trade P&L %
-4.69%
from signal to date, no stop loss
Rank position
ranks 17th among the 47 sell signals for European-UK stocks in our ranking, with a signal strength of 28 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
CPG belongs to the european sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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