Plug Power: the decline speeds up, double bottom in play
Plug Power sinks 15.5%: Sell signal accelerates, double bottom near the 2.4 area
Plug Power: the decline speeds up, double bottom in play
Our view last week
Plug Power is in week 4 of a sell signal, and the week just closed up 3.9%. Signal strength has dropped to 29 out of 100: the decline has lost fresh momentum, without reversing. The setup quality indicator, at 77 out of 100, remains in a mature tension phase, and the stock ranks 41st among the 137 US sell signals.
This week's summary
After last week's bounce, Plug Power's Sell signal bit back hard: the stock sank 15.5%, with sellers controlling 94% of the volume — the sharpest week yet in the trade's management, now sitting on a 19.2% gain. Money flow keeps deteriorating week over week, though a daily double bottom with a 20% rebound leaves the door open for a technical pause.
IQS Phase
79
in tension
Signal Strength
55
decline starting to make lower lows
Sizing
STANDARD
Ranking
#7 / 137
US stocks
Trade P&L %
+19.20%
from signal to today
restricted Platinum content