The sell signal fades, a new one fires
Kodak stock jumps 19.5% as a fresh Buy signal reverses the trend
The sell signal fades, a new one fires
Our view last week
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.
This week's summary
Kodak stock is accelerating: over the past week the shares gained 19.5% on a bullish engulfing candle that carried price right up to the recent highs, still unbroken. It's a sharp change of scene: just a week ago the Sell signal was fading fast, with 87% of volume already on the buy side; now a fresh Buy signal has fired, 5th among the 20 new US stock Long entries. The weekly technical analysis shows plenty of room above the price, but the confirmation week is still open.
IQS Phase
62
ordinary
Signal Strength
76
high · wide & volatile
Sizing
FULL
Ranking
#5 / 20
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 5th among the 20 fresh Longs for US stocks in our ranking, with a signal strength of 76 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein strong phase
Performanceweekly +2.97% · monthly +2.64%
KODK belongs to the industrial sector (reference ETF XLI). The sector is classified in strong phase according to our weekly reading.
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