Buy signal, week 5: SL1 stop breached
Hims & Hers drops 14.5% as the buy signal breaks through its SL1 stop
Buy signal, week 5: SL1 stop breached
Our view last week
Hims & Hers slipped 4.5% this past week, with volume contracting and sellers firmly in control of the last bar. Underneath, a clean double bottom in the 26 area holds, backed by a 17% rebound, and the ADX is climbing: the trend gains conviction even as price pulls back. The buy signal is now in its fourth week and the trade is underwater, with August 10 earnings coming into view — a case worth watching in this week's Hims & Hers stock technical analysis.
This week's summary
Hims & Hers slides 14.5% this week, with sellers firmly in control of the last bar and buyer dominance fading fast. Still, the double bottom in the 27 area holds, backed by a 46% intermediate rebound that says demand hasn't fully given up - a case worth watching in this week's Hims & Hers stock technical analysis. Price closed below the first stop level (SL1) flagged in last week's card (28.83 area): for anyone following that level the trade is closed.
IQS Phase
40
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#27 / 124
US stocks in progress
Trade P&L %
-20.81%
from signal to date, no stop loss
Rank position
ranks 27th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly +0.92% · monthly +6.01%
HIMS belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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