A bounce just above the 20-week average
Oscar Health climbs 4.5% and reclaims its 20-day average while the MACD still lags
Our view last week
The 20-day average held a week ago, and this week it gave way: Oscar Health stock loses 7.9% and sellers take 66% of the volume. The weekly MACD stays under its Signal line for a 2nd week, and price action closes with an indecisive candle. In this technical analysis money flow is still positive, as it has been for 24 weeks, and for swing trading the position is running at +104.8% since entry.
This week's summary
The 20-day average that gave way a week ago has already been reclaimed: Oscar Health stock gains 4.5% after 2 weeks of declines, with a bullish engulfing on the daily chart and money flow at its highest reading in 4 weeks. In this technical analysis one shadow remains, the weekly MACD below its Signal line for a 3rd week, with the ADX easing. For swing trading on healthcare stocks the position runs at +114.1% since entry, and price action is back on its side.
IQS Phase
47
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#4 / 93
US stocks in progress
Trade P&L %
+114.12%
from signal to date, no stop loss
Oscar Health (OSCR) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 4th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -2.65% · monthly -3.91%
OSCR belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content