Ongoing decline · week 13 · US stocks
QuantumScape drops 6.9% and confirms a new 30-week low on the weekly close
Our view last week
QuantumScape stock closes a 6th straight down week, off 2.3%, and in the last session almost all volume went through on the sell side. Compared with a week ago, sellers climb to 73% of weekly trade and the RSI hits its lowest in 4 weeks, while money flow improves for a fourth week in a row yet stays negative. On the technical analysis, price action remains bearish with little conviction in the trend, a swing trading case where the short sits at +25.4% since entry.
This week's summary
QuantumScape drops 6.9%, and this time the new 30-week low, in the 4.5 area, is confirmed by the weekly close: a week ago the attempt had been pulled back. It is the 7th straight down week and the heaviest of the last 4. On the technical analysis, QuantumScape stock shows bearish price action, with a falling RSI and MACD below its Signal line, while money flow has improved for 5 weeks yet stays negative. The short is more than 30% in profit since entry.
IQS Phase
74
in tension
Signal Strength
27
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#95 / 175
US stocks
Trade P&L %
+30.55%
from signal to date, no stop loss
QuantumScape (QS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 95th among the 175 sell signals for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
QS belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
restricted Platinum content