Sell signal, week 5: the pressure still holds
First Solar drops 4.3% as 87% of the week's volume turns to selling
Sell signal, week 5: the pressure still holds
Our view last week
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.
This week's summary
First Solar drops 4.3% this week, with 87% of trading volume concentrated on the sell side and the weekly MACD crossing below its signal line: the sell signal, open for 4 weeks, still holds control. First Solar shares remain wedged between the daily pivot point, in the 203.5 area, and the recent low, in the 201 area, with the short now more than 15% in the money. The ADX, though, is slowing: an early sign of a decline losing some of its shine.
IQS Phase
81
in tension / maturity
Signal Strength
62
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#27 / 141
US stocks
Trade P&L %
+15.16%
from signal to today
Rank position
ranks 27th among the 141 sell signals for US stocks in our ranking, with a signal strength of 62 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
FSLR belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content