US stocks · Ongoing decline, week 8
Peloton flat at 0.0%: the decline stalls under the 20-day moving average
Our view last week
After last week's pause, sellers are back in charge of Peloton stock: the week closes 1% lower, with 61% of the volume on the sell side after 86% on the buy side the week before. On the price action trading front the picture stays cold, a small-bodied weekly bar and distribution still underway, and money flow has been negative for 8 weeks. For swing trading readers following the short, the gain stands at 12.6% since entry.
This week's summary
A 0.0% week for Peloton: after last week's 1% slip the price has stopped, still under its 20-day moving average in the 5 area. Price action is indecisive and the ADX at 12.5, its lowest reading in 4 weeks, shows a trend that has lost direction. Money flow on Peloton stock is improving but has been negative for 9 weeks, and the MACD sits below its signal line. For swing trading readers following the short, the gain stands at 12.6%; earnings are due on October 29.
IQS Phase
75
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#165 / 175
US stocks
Trade P&L %
+12.61%
from signal to date, no stop loss
Peloton Interactive (PTON) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 165th among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
PTON belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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