Novavax's decline gains fresh momentum
Novavax drops 12%, and the sell signal turns to fresh lower lows
Novavax's decline gains fresh momentum
Our view last week
Novavax shares dropped 4.2% this week, reversing the prior week's 9.7% bounce that had closed the Sell signal's confirmation week bullish. Signal strength stays very low, at 9 out of 100 — a decline losing steam — while on the daily chart a double bottom in the 8.3 area keeps holding. Our model flags trading as not recommended.
This week's summary
Novavax shares drop 12% this week, wiping out last week's bounce and pulling the stock back to the 8.2 double bottom. In this week's technical analysis signal strength climbs to 59 out of 100 — "decline starting to make lower lows" — while contracting volume and sellers dominating the last bar say the selling pressure is back. Our model flags trading as not recommended.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 12
★ See Gold version →
IQS Phase
77
in tension
Signal Strength
59
decline starting to make lower lows
Sizing
STANDARD
Ranking
#55 / 140
US stocks sell signals
Trade P&L %
+7.55%
from signal to today
restricted Platinum content