Sell signal, confirmation week
Cipher Digital bounces 10.3% as its confirmation week closes bullish
Sell signal, confirmation week
Our view last week
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.
This week's summary
In this week's technical analysis, Cipher Digital stock bounces 10.3% off a clean double bottom in the 20 area, but the rally runs on thin volume and the last candle already shows fading conviction. The Sell signal's confirmation week closes bullish: our model's discipline calls for exiting the position, while the weekly picture stays bearish-intermediate.
IQS Phase
46
ordinary
Signal Strength
49
isolated weekly drop
Sizing
REDUCED
Ranking
#14 / 137
US stocks sell signals
Trade P&L %
-10.33%
from signal to today
restricted Platinum content