Sellers return to the spotlight after the bounce
Experian slips 1%: sellers retake control as the trend loses conviction
Sellers return to the spotlight after the bounce
Our view last week
Week 6 of a sell signal for Experian, and the stock jumps 4.9% off a double bottom in the 2460 area, with an intermediate 6% bounce. Buy volume climbs to 98%, RSI is rising and the MACD histogram is narrowing: the decline is losing steam, though confirmation is still needed over the coming weeks.
This week's summary
Experian technical analysis: after last week's 4.9% bounce, driven by buyers taking 98% of volume, sellers retake the spotlight in extreme fashion this week and the stock slips 1%. Under the surface the picture stays mixed: the MACD keeps improving and momentum snaps back sharply, while the ADX falls for a third straight week and the trend loses conviction. Price stays boxed in a very tight range.
IQS Phase
54
ordinary
Signal Strength
3
decline fading out
Sizing
MINIMUM
Ranking
#40 / 54
EU-UK stocks
Trade P&L %
-1.71%
from signal to today
restricted Platinum content