QuantumScape sheds 10.9%: sellers in full control
QuantumScape sheds 10.9% as the Sell signal strengthens on lower lows
QuantumScape sheds 10.9%: sellers in full control
Our view last week
QuantumScape stock has fallen under the sellers' near-total control: in the latest session only 2.4% of volume was on the buy side, and the stock dropped 6.9% in a week of full distribution. It's a change of scene from seven days ago, when we were managing a buy in its 10th week: now a fresh sell signal kicks in, 38th among the 137 US stocks on the sell side of our ranking. Opening here stays high-risk per our model.
This week's summary
QuantumScape stock dropped 10.9% this week, the fourth straight bar with a lower high, sliding from the 8.5 area toward 6.8. It's the second week of a sell signal, 40th of 140 US signals in our ranking; signal strength at 64 reads a downtrend making lower lows, pace holding. The weekly technical analysis confirms sellers extremely dominant on the last bar, with trading not recommended on this highly volatile name.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Jul 29
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IQS Phase
74
in tension
Signal Strength
64
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#40 / 140
US stocks sell signals
Trade P&L %
+10.94%
from signal to today
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