Cipher Digital issues a new sell signal after a 22.7% weekly drop

Cipher Digital issues a new sell signal, in week 1 and ranking 116th among 137 US sell signals. The week just closed dropped 22.7%, and the decline is making lower lows at a steady pace, with no sign of exhaustion. The stock still sits 114.9% above its 200-week average, in a fairly contested range: conditions our model flags as trading not recommended.