US stocks · sell signal in progress
First Solar bounces 4.0%, but the trend keeps losing steam
US stocks · sell signal in progress
Our view last week
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.
This week's summary
First Solar bounces 4.0% this week, with 71% of volume on the buy side: a sharp change of pace from last week's -4.3%, when 87% of trading sat on the sell side. The underlying picture doesn't turn, though: the ADX keeps sliding to 22.5, the MACD stays below zero with the histogram widening lower, and the CMF slips deeper into negative. Price action shows a pronounced distribution phase: the bounce has the feel of a technical pause, trend losing steam without changing direction.
IQS Phase
70
in tension
Signal Strength
11
decline losing steam
Sizing
MINIMUM
Ranking
#67 / 138
US stocks
Trade P&L %
+11.73%
from signal to date, no stop loss
Rank position
ranks 67th among the 138 sell signals for US stocks in our ranking, with a signal strength of 11 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
FSLR belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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