Oscar Health stock: EMA20 bounce, trade above 120%
Oscar Health stock slips 2.2% after EMA20 bounce, trade tops 120%
Our view last week
Oscar Health stock jumps 17.4% this week, with 92% of volume on the buy side and all four structural weekly averages back in bullish alignment. On the daily chart, the rebound started from a touch of the 20-day average, in the 28 area: the stock has already recovered 18% from there. The trend stays strong, with ADX holding at 40 and money flow still positive: weekly technical analysis on a mature case, with the trade now more than 126% in profit since entry.
This week's summary
On the daily chart Oscar Health has bounced off its own 20-day moving average, in the 30 area: a clean touch and a 5% recovery in just a few sessions. On the weekly chart the push is cooling: the week gave back 2.2% after the prior 17.4% jump, and money flow has declined for a third straight week, though it remains positive. The trade is 19 weeks old and more than 120% in profit: management now follows the Inversion Point, in the 27 area.
IQS Phase
63
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#4 / 167
US stocks in progress
Trade P&L %
+121.73%
from signal to date, no stop loss
Rank position
ranks 4th among the 167 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 strong phase
Performanceweekly +4.33% · monthly +9.53%
OSCR belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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