QuantumScape, third week of an accelerating sell signal
QuantumScape drops 16.6%: the Sell signal accelerates to lower lows
QuantumScape, third week of an accelerating sell signal
Our view last week
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.
This week's summary
QuantumScape stock plunges another 16.6% this week, the sixth straight bar with a lower high. The Sell signal climbs to 9th among 141 US sell signals, with signal strength at its peak, 100 out of 100: a decline making lower lows that shows no sign of slowing. The short, open for two weeks, is already more than 25% in profit, with earnings due this very week.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Jul 29
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IQS Phase
85
in tension / maturity
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#9 / 141
US stocks sell signals
Trade P&L %
+25.76%
from signal to today
Rank position
ranks 9th among the 141 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
QS belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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