US stocks · Ongoing decline, week 5
Ondas drops 5.2% and hands back its rebound as the 50-day average caps the move again
Our view last week
Ondas extends its rebound: the week closed up 3.4%, its second gain in a row, and weekly money flow moved above zero for the first time in 35 weeks. For price action trading, the daily chart shows a 4% bounce off the 20-day moving average. For Ondas stock, the sell signal went unconfirmed over the 3 observation weeks, and strength drops to 2 out of 100: a decline losing steam.
This week's summary
Ondas' rebound died out beneath the 50-day moving average: the week closed down 5.2%, wiping out nearly all of the prior 2 weeks' recovery. Weekly money flow, which turned positive last week for the first time in 35 weeks, is back below zero. For Ondas stock the technical analysis shows a decline still standing but short of drive, with the ADX falling for 7 weeks. For swing trading and price action trading, the range is tight, between the 7.1 and 7.3 areas.
IQS Phase
55
ordinary
Signal Strength
23
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#103 / 175
US stocks
Trade P&L %
+4.99%
from signal to date, no stop loss
Ondas (ONDS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 103rd among the 175 sell signals for US stocks in our ranking, with a signal strength of 23 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
ONDS belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content