Oscar Health cools: selling pressure a touch lighter
Oscar Health slips 4.7% as the selling pressure eases up
Oscar Health cools: selling pressure a touch lighter
Our view last week
After 3 weeks of rising buy volume, the picture on Oscar Health flips: this week the stock drops 5.1% and sellers take 82% of the tape. In our weekly technical analysis the RSI falls to 73.6 from last week's peak of 79.9 - the first breather after a long overbought run - while the ADX keeps climbing, now at 37.1: the trend still holds its conviction. The trade still sits above 111% in profit, with the stop now trailing the Inversion Point for protection.
This week's summary
The picture on Oscar Health cools for a second straight week: after last week's 5.1% drop the selling pressure holds but eases, to 75% of volume against 82% before, and the stock sheds another 4.7%. The weekly RSI keeps falling, down to 68.6 from a peak of 79.9, while price stays boxed between resistance in the 29.65 area and support in the 28.76 area. The trade is running past 101% in profit.
IQS Phase
57
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#5 / 112
US stocks in progress
Trade P&L %
+101.38%
from signal to today
restricted Platinum content