Sell signal under management, week 5
Ballard Power drops 12.3% as sellers stay firmly in control
Sell signal under management, week 5
Our view last week
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.
This week's summary
Ballard Power just closed another heavy week, down 12.3% after the prior week's 12.5% drop — the second straight double-digit week. Sellers still ran the tape, at 86% of volume, and money flow has turned negative for a second week running. On the daily chart the stock has strung together five lower highs, from the 4.6 area down to the 3.1 area. The short is now more than 36% in profit, but the trend is losing its edge: the weekly ADX has been sliding for three weeks.
IQS Phase
81
in tension / maturity
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#3 / 140
US stocks
Trade P&L %
+36.02%
from signal to today
restricted Platinum content