Peloton: technical bounce, still a mixed picture
Peloton climbs 1.9% off a clean double bottom, though volume stays jumpy
Peloton: technical bounce, still a mixed picture
Our view last week
Peloton is in week 13 of a buy trade whose model coverage has been completed: the stop now trails the Inversion Point, and the residual position is running at +25.5% since entry. On the technical side, though, the last few weeks tell a story of growing fatigue: buying volume down sharply and momentum steadily contracting.
This week's summary
Peloton shares rebound 1.9% this week: a clean double bottom in the 5.4 area puts buyers back in control, with buying volume back up to 67% of the tape after two quiet weeks. This week's technical picture still cuts both ways though — money flow and momentum are softer than a month ago, and warning flags on volume and an indecisive phase persist. The trade is running at +28% since entry.
IQS Phase
43
ordinary
Signal Strength
79
high · wide & volatile
Sizing
FULL
Ranking
#19 / 129
US stocks in progress
Trade P&L %
+27.95%
from signal to today
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