Tesco · European-UK stocks
Tesco climbs 1.9% but the push slows near the highs
Tesco · European-UK stocks
Our view last week
Tesco shares closed the week with a sixth straight rising daily low, running from the 457 to the 473 area, though the picture cuts both ways: volume is contracting and the rejection bars are mixed. The first week since the buy signal fired closes down 0.9%, while the weekly structure stays orderly above the Ichimoku cloud. Tesco's technical analysis picture: solid, but one to handle with care.
This week's summary
Tesco strings together a fifth straight higher daily low, running from the 465 to the 488 area, and the week closes up 1.9%. The picture isn't clean though: rejection bars are mixed and buyer dominance is fading, while price knocks on resistance in the 498 area. The second week since the signal fired brings a cautious read, with the trade still hovering near breakeven.
IQS Phase
76
in tension
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#41 / 61
EU-UK stocks in progress
Trade P&L %
+0.99%
from signal to date, no stop loss
Rank position
ranks 41st among the 61 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 +1.09% · monthly +2.10%
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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