Trade Desk decline under management, week 17
Trade Desk drops 4.8% as sellers retake control
Trade Desk decline under management, week 17
Our view last week
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%.
This week's summary
Trade Desk's bounce has stalled: after two weeks of recovery the stock gives back 4.8%, with sellers commanding nearly 90% of the volume and money flow back in negative territory. Price stays boxed between resistance in the 18.6 area and support in the 18.3 area: the short, under management for 17 weeks, is now up more than 12%.
IQS Phase
76
in tension
Signal Strength
23
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#96 / 140
US stocks
Trade P&L %
+12.64%
from signal to today
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