First Solar: fresh low, decline regains pace
First Solar drops 7% as the Sell signal prints a fresh low
First Solar: fresh low, decline regains pace
Our view last week
First Solar shares reverse course: after weeks of lower lows, the Sell signal closed the week up 1.5%, with a clean double bottom in the 222 area sparking a 9% intermediate rebound. Signal strength now reads a decline with no fresh downside push, and the IQS stays in tension. The stock sits in 59th place among the 137 US sell signals, with the quality band flagging trading as not recommended and earnings arriving in two weeks.
This week's summary
First Solar shares drop 7% this week and print a fresh low: last week's rebound has faded and the decline regains its pace. Signal strength climbs to 38 out of 100, consistent with lower lows, while the IQS stays in tension at 69. Earnings land this very week: our technical analysis flags trading as not recommended for new short entries.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Jul 23
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IQS Phase
69
in tension
Signal Strength
38
decline starting to make lower lows
Sizing
REDUCED
Ranking
#77 / 140
US stocks sell signals
Trade P&L %
+11.33%
from signal to today
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