Open buy signal: bearish confirmation week
Ondas stock falls 5.7% as the buy signal's confirmation week closes bearish
Our view last week
Last week's 21.6% jump had already pushed Ondas stock's sell signal into retreat; this week the picture flips and a fresh buy signal fires, with a very high signal strength, 84 out of 100. The stock stays 13.8% above its 50-week average, but the week closes with a modest 1.4% gain and distribution stays pronounced — technical analysis that favors waiting for a break above the recent high, in the 10 area, before entering.
This week's summary
Ondas shares slide 5.7% for the week, but on the daily chart the stock has already bounced 7% off its own 20-day moving average, in the 8.7 area. The buy signal that fired seven days ago hits a confirmation week that closed bearish: our statistics suggest closing here, even though signal strength stays very high, at 87 out of 100. The growth tech sector, meanwhile, is going through a weak stretch (-3.5% on the week).
IQS Phase
57
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#54 / 167
US stocks in progress
Trade P&L %
-5.74%
from signal to date, no stop loss
Rank position
ranks 54th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
ONDS belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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