Diageo: trade in management, coverage complete
Diageo stock slips 2.6%, yet buyers still control the volume
Our view last week
After last week's 9.5% surge, Diageo stock paused to consolidate this week, slipping 1.5% as sellers edged back into a slight majority. Under the surface, though, the technical picture keeps improving: the weekly MACD stays above its Signal line, the histogram keeps growing and the ADX is rising, a sign the trend is gaining momentum. The trade, in management since its 14th week, is running at +14.25% and is now watching the 7-day high as its next hurdle.
This week's summary
Diageo stock closed the week down 2.6%, but this week's technical picture didn't crack: on the daily chart the stock bounced 4% off its own 20-day moving average, and on the weekly chart buyers still commanded the volume despite the red close. The MACD has stayed above its Signal line for 16 straight weeks and the ADX keeps climbing, a sign the trend holds its course through the pause. The trade is running at +11.33% since entry.
IQS Phase
51
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#33 / 70
EU-UK stocks in progress
Trade P&L %
+11.33%
from signal to date, no stop loss
Rank position
ranks 33rd among the 70 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 regimein strong phase
Performanceweekly -0.12% · monthly +1.91%
DGE belongs to the european sector (reference ETF XLP). The sector is classified in strong phase according to our weekly reading.
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