The decline slows, money keeps flowing out
Plug Power slips 2.7%: the decline eases but cash flow stays weak
The decline slows, money keeps flowing out
Our view last week
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.
This week's summary
After last week's plunge - 15.5% shed with sellers controlling 94% of the volume - Plug Power eases up this week: the drop slows to 2.7% and volume turns more balanced, with 32% of trading on the buy side. The price still carves lower highs, from the 2.9 area toward 2.4, and money flow keeps deteriorating. Weekly ADX is falling, a sign the trend is losing conviction: the decline continues, at a slower pace.
IQS Phase
79
in tension
Signal Strength
42
isolated weekly drop
Sizing
REDUCED
Ranking
#73 / 140
US stocks
Trade P&L %
+21.38%
from signal to today
restricted Platinum content