Sell signal, week 4 · US stocks
Archer Aviation drops 12.8%: turned back at its averages, it sets a new 30-day low
Our view last week
After 5 down weeks, Archer Aviation bounced 6.7% and broke last week's run of lower lows. The price action turned at the close, though: a bearish engulfing shows on the daily chart, and the last session traded almost entirely on the sell side, with just 2.6% of volume on the buy side. For Archer Aviation stock this is week 3 of a sell signal, now a decline losing steam, with the price pinned between the 5.58 area and the 5.62 area.
This week's summary
The week wiped out the bounce of 7 days ago: Archer Aviation dropped 12.8% after being turned back by the cluster of moving averages between the 5.4 and 5.7 areas, and set a new 30-day low. The fall came on contracting volumes, though, with the weekly ADX sliding for 5 weeks. In our technical analysis of Archer Aviation stock, the Sell signal, now in week 4, is back to making lower lows: a trade setup where price action stays in distribution.
IQS Phase
74
in tension
Signal Strength
56
decline starting to make lower lows
Sizing
STANDARD
Ranking
#31 / 175
US stocks sell signals
Trade P&L %
+12.37%
from signal to date, no stop loss
Archer Aviation (ACHR) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 31st among the 175 sell signals for US stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ACHR belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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