Open buy, 11th week: signal cooling, price action still constructive
Diageo slips 0.7% and consolidates on the 1470 double bottom
Open buy, 11th week: signal cooling, price action still constructive
Our view last week
After last week's decline, Diageo rebounds 3.3% and returns to the double bottom in the 1470 area, up 8% from its lows. The trade stays an open buy in its 10th week, now in profit: but beneath the surface buyers are losing their edge, with contracting volumes and a weekly ADX turning lower. Diageo technical analysis: still a constructive picture, worth watching closely in the sessions ahead.
This week's summary
Diageo consolidates around the 1470 double-bottom area, giving back 0.7% after last week's 8% rebound. On the weekly chart buyers are losing their edge — contracting volumes and a falling ADX — but the daily picture stays firmer, with 92% of turnover still on the buy side. The stock trades in a consumer sector (XLP) under pressure, while price still has wide room before hitting a historical resistance.
IQS Phase
53
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#19 / 59
EU-UK stocks in progress
Trade P&L %
+1.20%
from signal to today
Rank position
ranks 19th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLP
Sector regimeweak phase
Performanceweekly -1.24% · monthly -0.37%
DGE belongs to the european sector (reference ETF XLP). The sector is classified weak phase according to our weekly reading.
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