Ondas: the decline loses steam
Ondas slips 4% as the sell signal loses conviction after a rejection in the 8 area
Ondas: the decline loses steam
Our view last week
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.
This week's summary
Ondas stock gives back ground: after last week's 19.5% bounce got rejected in the 8 area by the 50-week average, the price slips 4% this week and drops back near support in the 7.48 area. Money flow keeps improving for a fourth straight week even as the ADX declines: the decline is losing conviction. The sell signal, live for 5 weeks, stays open. Ondas technical analysis points to a structure that has turned neutral, with sellers in retreat.
IQS Phase
54
ordinary
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#93 / 138
US stocks
Trade P&L %
+4.34%
from signal to date, no stop loss
Rank position
ranks 93rd among the 138 sell signals for US stocks in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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