CleanSpark: the decline stalls out, week 5
CleanSpark stock drops 5.2%, giving back last week's bounce as the Sell signal loses steam
CleanSpark: the decline stalls out, week 5
Our view last week
CleanSpark shares close the week with an 11.4% surge, but the bounce stalls right at the daily Kumo ceiling, in the 15.9 area. The Sell signal is in its fourth week and strength drops to 2 out of 100: a decline with no fresh push. The confirmation week closed bullish, and our technical analysis suggests closing the short position already open.
This week's summary
CleanSpark shares give back 5.2% this week, erasing much of last week's bounce that stalled right at the daily Kumo ceiling. Beneath the surface, money flow stays negative and price action flags a distribution phase underway. The Sell signal grinds on: the stock stays boxed into a tight band between the 14 area and the 13.7 area, with the short still down roughly 9% since entry. Our technical analysis keeps tracking the trade week by week.
IQS Phase
68
in tension
Signal Strength
7
decline losing steam
Sizing
MINIMUM
Ranking
#80 / 138
US stocks
Trade P&L %
-9.03%
from signal to date, no stop loss
Rank position
ranks 80th among the 138 sell signals for US stocks in our ranking, with a signal strength of 7 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
CLSK belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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