Fresh sell signal, strength 86: lower lows
Bloom Energy drops 12.1%: fresh sell signal making lower lows
Fresh sell signal, strength 86: lower lows
Our view last week
Bloom Energy shares dropped 9.7% this week: a plunge to the 230 area met a double bottom and a 53% rebound, while money flow keeps worsening and the weekly MACD has just crossed bearish. This week's technical analysis confirms the cooling flagged seven days ago: price is back against support in the 242 area. The trade is still up 82% from entry.
This week's summary
Bloom Energy shares drop 12.1% this week, triggering a fresh Sell signal: in our weekly technical analysis, signal strength jumps to 86 out of 100, with the decline already making lower lows, pace holding. The stock is still 185% above its 200-week average. Setup quality, 72 out of 100, places the case 25th among the 140 US sell signals; discipline calls for caution on entry.
IQS Phase
72
in tension
Signal Strength
86
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#25 / 140
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content