Sell signal in management, seventh week
Circle Internet drops 8.6% but carves a double bottom near 61
Sell signal in management, seventh week
Our view last week
After last week's 12.2% plunge, Circle Internet Group rebounded 14% off a clean double bottom in the 62 area, closing up a modest 2.4%. But the deterioration flagged last week hasn't stopped: MACD and money flow are now at their most negative readings of the past month, while the ADX keeps falling — the decline is losing conviction, without reversing course. The short, now in its sixth week, still holds a gain of more than 17%.
This week's summary
Circle Internet Group carved a double bottom in the 61 area this week, with a 23% intraweek rebound that still wasn't enough to avoid an 8.6% weekly decline. Money flow and MACD both dropped to fresh period lows, while the ADX keeps easing — price is accelerating lower even as the trend's conviction fades. The short, now in its seventh week, still holds a gain of more than 24%.
IQS Phase
76
in tension
Signal Strength
33
decline starting to make lower lows
Sizing
REDUCED
Ranking
#83 / 140
US stocks
Trade P&L %
+24.69%
from signal to today
restricted Platinum content