Groupon: the rebound tests the 29 area again
Groupon stock climbs 6.9% and tests the 29 area again as the ADX keeps rising
Groupon: the rebound tests the 29 area again
Our view last week
After last week's jump, Groupon pauses and slides 7.3%: sellers take back the tape, with 72% of volume on the sell side in the last session. The weekly RSI cools from 71.5 to 65.3, and the ADX keeps climbing — the trend is still gaining conviction — while money flow stays firmly positive. The stock is coming off a double bottom in the 16 area, with a 16% intermediate rebound that kicked off the current rally.
This week's summary
Groupon stock gains 6.9% this week and returns to the 29 area, the same level already reached two weeks ago: no session has rejected it yet, so for now the move stays in play. The ADX keeps climbing, confirming the trend is still gaining conviction, while volume has evened out after last week's sell-off. Weekly technical analysis of the trade, open for 15 weeks and now up 94% since entry, with earnings due this very week.
IQS Phase
67
in tension
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#9 / 120
US stocks in progress
Trade P&L %
+94.09%
from signal to date, no stop loss
Rank position
ranks 9th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
GRPN belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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