Phio: the decline slows as money flow flips
Phio Pharmaceuticals rises 1% as money flow flips positive: the decline slows
Phio: the decline slows as money flow flips
Our view last week
Phio Pharmaceuticals' double bottom in the 0.97 area is holding, and the 9% intermediate rebound has produced back-to-back weekly gains. This week's technical picture shows sellers running out of steam: volume has leveled off around two-thirds, and the ADX keeps sliding week after week — a sign the decline is losing conviction. The sell signal remains active, with the short still up 14.3%.
This week's summary
Phio Pharmaceuticals' double bottom in the 0.96 area is holding for a third straight week, with the intermediate rebound now up to 16%. This week's technical picture on Phio shows the clearest signal coming from the money flow: CMF has flipped positive after weeks in negative territory, with 88% of volume on the buy side. The ADX, though, keeps sliding week after week: the decline is losing conviction. The sell signal stays active, with the short up 13.45%.
IQS Phase
54
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#132 / 140
US stocks
Trade P&L %
+13.45%
from signal to today
restricted Platinum content