Eaton, the month-long rally breaks
Eaton stock drops 7.2%, snapping its four-week rally
Our view last week
Eaton closes a nearly flat week, +0.6%, with 78% of volume on the sell side and the last candle firmly dominated by sellers: a note of caution inside a trend that the MACD and momentum still read as improving, with money flow back in positive territory after weeks in the red. The trade, running 18 weeks, stands at +12.04% since entry.
This week's summary
Eaton closes the week with a sharp drop, -7.2%, with 91% of volume on the sell side: the four-week rally breaks off cleanly. Money flow, which had only turned positive a week earlier, has already flipped negative again, and the ADX is losing steam after a month of steady push. Eaton stock still sits in profit since the trade opened, but the pace has changed.
IQS Phase
52
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#51 / 167
US stocks in progress
Trade P&L %
+4.02%
from signal to date, no stop loss
Rank position
ranks 51st among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
ETN belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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