Experian, sell signal week 8: trend losing conviction
Experian rises 3.9% but the trend keeps losing conviction, price boxed under the 2749 area
Experian, sell signal week 8: trend losing conviction
Our view last week
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.
This week's summary
Experian technical analysis: after last week's extreme selling, buyers retake control this week with 81% of volume and the stock gains 3.9%. The picture stays mixed though: 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 between the 2716 and 2749 areas, in an increasingly tight range.
IQS Phase
40
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#43 / 53
EU-UK stocks
Trade P&L %
-5.67%
from signal to today
restricted Platinum content