Figma: sell signal in observation, decline looks spent
Figma slips 1.1%: the decline looks spent, but the short position stays underwater
Figma: sell signal in observation, decline looks spent
Our view last week
Figma is in week 3 of a sell signal, and the week that just closed posted a 14.6% jump. A double bottom in the 18 area is fueling the rebound, and signal strength has dropped to 2 out of 100: the picture points to a decline running out of room. The setup quality indicator sits at 49 out of 100, in the ordinary band, and Figma ranks 123rd among the 137 US sell signals.
This week's summary
After last week's 14.6% surge, Figma's rebound has stalled: the stock gave back 1.1% this week, with the double bottom in the 18 area holding even as sellers turned slightly dominant on the last bar. Signal strength drops to 3 out of 100: a decline running on fumes, with price climbing back toward the Inversion Point. In this week's technical analysis, Figma stock remains one to handle with care.
IQS Phase
62
ordinary
Signal Strength
3
decline fading out
Sizing
MINIMUM
Ranking
#90 / 137
US stocks sell signals
Trade P&L %
-11.81%
from signal to today
restricted Platinum content