Ondas: a sharp bounce meets a wall
Ondas jumps 19.5% off a double bottom, but the 50-week average turns it back
Ondas: a sharp bounce meets a wall
Our view last week
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.
This week's summary
Ondas stock rebounds 19.5% off a clean double bottom in the 6.7 area, with buyers back in charge: 61% of this week's volume sits on the buy side, against just 23% a week ago. The bounce, though, ran straight into a wall: the 50-week moving average, in the 8 area, rejected the price with a sharp pullback. The sell signal, under management since its fourth week, stays open.
IQS Phase
68
in tension
Signal Strength
20
decline losing steam
Sizing
MINIMUM
Ranking
#108 / 141
US stocks
Trade P&L %
+0.38%
from signal to today
Rank position
ranks 108th among the 141 sell signals for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
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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