Open buy · week 8 · US stocks
IonQ drops 8.9% and falls back onto its 100-week moving average
Our view last week
IonQ printed a fresh 30-day high this week, in the 47.9 area, but the close did not confirm it: the week ends 3.8% lower, with the weekly candle finishing in the bottom quarter of its range. Last week's hurdle is still standing. IonQ stock is now pinned between its 200-day and 50-week averages, while daily price action keeps a run of 5 higher lows. The trade slips back to 5.4% underwater: a volatile swing trading setup among US stocks, one to handle with discipline.
This week's summary
Last week's failed breakout had a sequel: IonQ lost 8.9% this week, its 2nd straight weekly decline. IonQ stock now trades below its 50-week average and is leaning on the 100-week moving average, in the 39.2 area, touched and defended at the close. The weekly buy signal is still live, but price action has weakened and the MACD histogram is falling again. The swing trading setup is 13.8% underwater: a volatile name among US tech stocks, one to handle with discipline.
IQS Phase
40
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#31 / 92
US stocks in progress
Trade P&L %
-13.77%
from signal to date, no stop loss
Rank position
ranks 31st among the 92 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
IONQ belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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