Regeneron holds the double bottom
Regeneron slips 3.1% but holds the double bottom as earnings approach
Regeneron holds the double bottom
Our view last week
Regeneron's buy signal holds: the first week closes up 1.8%, confirming the entry that fired seven days ago. The stock is working off a double bottom in the 598 area, with a 4% intermediate rebound, but the weekly ADX is sliding and the trend is losing conviction: buyer dominance is fading and volume is contracting alongside the hold. There's still wide running room toward the all-time high, almost 80% away.
This week's summary
Regeneron slipped 3.1% this week, yet held the same base as last week: a clean double bottom in the 599 area, with a 4% intermediate rebound confirming its strength. Regeneron stock stays inside the buy signal, now in its second week, while the ADX keeps sliding and buyers lose steam. In the background, this week's technical analysis also has earnings due, right around the corner.
IQS Phase
36
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#34 / 124
US stocks in progress
Trade P&L %
-1.28%
from signal to today
Rank position
ranks 34th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly +0.92% · monthly +6.01%
REGN belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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