Ondas: the decline reignites after last week's bounce
Ondas drops 10.1% as the sell signal regains its footing
Ondas: the decline reignites after last week's bounce
Our view last week
Ondas attempted a 20% rebound off the double bottom in the 7.3 area, but the week still closed down 2%: sellers came roaring back in the last bar, with distribution still underway. Signal strength drops to 8 out of 100 — the lowest so far — a sign of a decline with no fresh push. Trading a fresh short here is not recommended by our model.
This week's summary
Ondas' sell signal looked almost spent seven days ago, a 20% bounce off a double bottom and signal strength down to 8, the lowest of the case. This week the read flips: the stock drops 10.1%, strength rebounds to 36 out of 100, and the descriptor turns to "downtrend making lower lows" - the decline catching its breath right when it seemed exhausted. Weekly technical analysis on Ondas: trading a fresh short here is not recommended, and 82nd out of 140 US sell signals marks a second-tier case.
IQS Phase
74
in tension
Signal Strength
36
decline starting to make lower lows
Sizing
REDUCED
Ranking
#82 / 140
US stocks sell signals
Trade P&L %
+16.67%
from signal to today
restricted Platinum content