Tesco, three weeks sideways: the sell signal awaits confirmation

Tesco plc is at week 3 of a sell signal that has received no market confirmation: 3 consecutive sideways weeks, signal unconfirmed. The quality band flags trading as not recommended — the stock is still 26% above its 200-week average — and ranks 19th among the 54 sell signals for EU-UK stocks. Technically, a double bottom in the 433 area complicates the bearish picture.