Buy signal in week 3, early-exit warning still standing
Tesco jumps 7.4% to a new all-time high that the weekly close does not confirm
Our view last week
Money flow on Tesco has turned negative after 11 weeks above zero, and a second straight weekly decline closes at -0.9%. Tesco stock still holds above its 50-week average, but the weekly buy signal that fired 2 weeks ago has not found confirmation and the early-exit warning stands. The technical analysis shows a trend still lacking conviction, with the ADX falling for 9 weeks, and earnings on October 8 land in the week ahead: a risk to weigh.
This week's summary
Tesco closes the week up 7.4% and prints a new all-time high in the 516 area, one the weekly close does not confirm. Tesco stock restarted from its 20-day average, the weekly MACD is back above its signal line after 8 weeks and money flow, negative a week ago, is positive again. The price action is improving, and the early-exit warning on the buy signal that fired 3 weeks ago still stands: among the weekly buy signals, a swing trading case to follow with care.
IQS Phase
65
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#16 / 25
EU-UK stocks in progress
Trade P&L %
+5.80%
from signal to date, no stop loss
Tesco (TSCO) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 16th among the 25 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorEuropean
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +3.60% · monthly +0.46%
TSCO belongs to the european sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.
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