The Sell signal enters its 8th week of management
Plug Power stock slips 1.4% as buyers jump back to 67% of volume
The Sell signal enters its 8th week of management
Our view last week
After last week's rebound attempt - a 13% bounce off a double bottom in the 2.1 area - sellers took back control on Plug Power, at 92% of the volume. In our technical analysis of Plug Power stock, money flow caved to its worst level of the past four weeks and the RSI dropped to 40.6, while weekly ADX is slowing down. The Sell signal stays under management, with the short more than 24% in the money: the floor in the 2.07 area is the key level to watch.
This week's summary
Plug Power's Sell signal has been under management for 8 weeks, with the short more than 25% in the money. After last week's 92% seller dominance, buyers are back to 67% of volume this week, yet the stock still closed down 1.4% and money flow keeps deteriorating. In our technical analysis of Plug Power stock, the price stays boxed between the 2.08 area and the 1.86 area, with earnings due August 12.
IQS Phase
84
in tension / maturity
Signal Strength
6
decline losing steam
Sizing
MINIMUM
Ranking
#85 / 138
US stocks
Trade P&L %
+25.36%
from signal to date, no stop loss
Rank position
ranks 85th among the 138 sell signals for US stocks in our ranking, with a signal strength of 6 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
PLUG belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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