Diageo: open buy, week 9, -1.3%
Diageo slips 0.7% this week as its buy signal cools off at week 9
Diageo: open buy, week 9, -1.3%
Our view last week
Diageo is in week 8 of a buy signal, essentially flat since entry (-0.65%). The stock has reached the second statistical management window: discipline suggests trimming a further 20% of the initial position. The setup shows weakness in the week following the trade's opening, and the dynamic stop has already tightened to protect capital, closer than the structural reference level.
This week's summary
Diageo gave back 0.7% this week: buyers are still in control on the daily chart, but on the weekly the dominance is thinning, with sellers slightly ahead on the last bar, against a still-weak European consumer staples sector. The double bottom in the 1470 area, with its 9% rebound, remains the technical anchor. Diageo stays an open buy, now -1.3% since entry versus -0.65% a week ago: our technical analysis is tracking the next management window closely.
IQS Phase
36
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#18 / 60
EU-UK stocks in progress
Trade P&L %
-1.30%
from signal to today
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