Bloom Energy, Sell signal under management for 7 weeks
Bloom Energy stock rebounds 4.6% but money flow stays negative for a 10th week
Our view last week
Bloom Energy's Sell signal is now in its sixth week of management, and this week snapped a three-week rally hard: a 12.4% drop with 88% of volume on the sell side, against 46-62% buy-side dominance in the prior three weeks. On the daily chart, though, the stock still strings together four higher lows, from the 157 area to the 228 area: a technical tension worth watching. The short sits at +6.28% since entry.
This week's summary
Weekly technical analysis on Bloom Energy stock, one of the US tech stocks working through an active Sell signal, marks the 7th week of management, with the short up 1.95%. After last week's 12.4% plunge, 88% of volume on the sell side, the stock bounces 4.6% this week and buyers return to 59% of volume, but money flow stays negative for a 10th straight week and the ADX slides to its lowest in 4 weeks.
IQS Phase
62
ordinary
Signal Strength
29
decline losing steam
Sizing
MINIMUM
Ranking
#50 / 96
US stocks
Trade P&L %
+1.95%
from signal to date, no stop loss
Rank position
ranks 50th among the 96 sell signals for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
BE belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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