Sell signal, eighth week under management
Cipher Digital stock drops 11.7% as the decline retakes control
Our view last week
Cipher Digital stock rebounds 3.9% this week, after last week's 23% crash on 97% sell-side volume. On the daily chart the sequence of lower highs continues, from the 27 area toward the 19 area: the decline holds its direction but keeps losing conviction, with the weekly ADX declining for a fourth straight week. The short has been under management since week 7 and stays up 10.9%.
This week's summary
Cipher Digital stock slides back: after last week's 3.9% rebound, the stock drops 11.7% this week on 77% sell-side volume. The sell signal is now in its eighth week of management, with the short up more than 21%: sellers stay in control and the distribution phase deepens.
IQS Phase
79
in tension
Signal Strength
51
decline starting to make lower lows
Sizing
STANDARD
Ranking
#20 / 93
US stocks
Trade P&L %
+21.33%
from signal to date, no stop loss
Rank position
ranks 20th among the 93 sell signals for US stocks in our ranking, with a signal strength of 51 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
CIFR belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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