Trade Desk: the bounce continues, MACD improving
Trade Desk climbs 2.3%, its rebound running back into resistance
Trade Desk: the bounce continues, MACD improving
Our view last week
Trade Desk is in week 15 of a sell signal, and the week just closed rebounded 4.0% instead of extending the decline. The downtrend hasn't made a fresh low in some time, and price has moved back toward the band between the 20-day moving average and the daily pivot point average. Anyone tracking this trade for weeks will find the state of play here.
This week's summary
Trade Desk's shares keep bouncing: after last week's +4% comes another +2.3%, with price boxed between resistance in the 19.8 area and support in the 19.2 area. The weekly MACD has improved for a fourth straight week, but volume stays thin — the bounce hasn't fully convinced yet. The sell signal, now in week 16, remains up more than 8%.
IQS Phase
70
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#127 / 137
US stocks
Trade P&L %
+8.22%
from signal to today
restricted Platinum content