Kodak: EMA20 bounce, the decline keeps losing steam
Kodak stock rises 2.1% as the Sell signal keeps losing steam
Kodak: EMA20 bounce, the decline keeps losing steam
Our view last week
The double bottom flagged last week in the 7.8 area has held: Kodak rebounds 7.4%, with 84% of volume on the buy side and the weekly RSI climbing to 45.1. Kodak's weekly technical analysis still shows a sell signal active for 10 weeks, and the decline is losing steam: ADX is easing and money flow, still negative, has clearly narrowed.
This week's summary
Kodak stock keeps bouncing: after last week's double bottom held, the stock gains 2.1% and climbs back near its 20-day moving average, with 87% of daily volume on the buy side. The Sell signal has been under management for 12 weeks, with the short up 13.3%, and the decline keeps losing steam: ADX is easing for the third straight week and money flow stays negative but much narrower than two weeks ago.
IQS Phase
47
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#121 / 138
US stocks
Trade P&L %
+13.31%
from signal to date, no stop loss
Rank position
ranks 121st among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
KODK belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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