Ballard Power drops 12.5% as sellers take control
Ballard Power tumbles 12.5% as sellers control 96% of the week's volume
Ballard Power drops 12.5% as sellers take control
Our view last week
Ballard Power Systems is in week 4 of a sell signal, with signal strength at 49 out of 100: an isolated weekly drop, not a series of lower lows. The setup quality indicator at 76 out of 100 stays in tension, and the stock ranks 43rd among the 137 US sell signals. Trading remains not recommended by our model.
This week's summary
Ballard Power's weekly technical analysis points to an accelerating decline: the stock shed 12.5% this week, with sellers controlling 96% of volume. Last week's drop had stayed isolated; now money flow has turned negative too, and the weekly RSI has dropped to 46, its low for the period. The short is already more than 27% in profit.
IQS Phase
86
in tension / maturity
Signal Strength
57
decline starting to make lower lows
Sizing
STANDARD
Ranking
#4 / 137
US stocks
Trade P&L %
+27.01%
from signal to today
restricted Platinum content