The sell signal, week six
Recursion jumps 10.8% as buyers retake control of the sell signal
Our view last week
After last week's 7.3% bounce, Recursion stock is giving ground again: down 1.9% this week, with 93% of volume on the sell side. In this week's technical analysis the picture stays split: 3 higher daily lows, from the 2.9 area to the 3.3 area, keep the door open to a possible shift, but money flow stays negative. The short is down 7.3% since entry.
This week's summary
Recursion reverses course: after a week that closed down 1.9% with sellers in control, the stock rebounds 10.8%, with 82% of volume on the buy side. The bounce starts from a touch of the daily 20-day moving average, in the 3.2 area, and pulls the weekly RSI back toward neutral. A distribution phase still lingers in the background, and the price now sits squeezed between two nearby levels: resistance in the 3.51 area, support in the 3.43 area.
IQS Phase
43
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#90 / 93
US stocks
Trade P&L %
-18.85%
from signal to date, no stop loss
Rank position
ranks 90th among the 93 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +4.33% · monthly +9.53%
RXRX belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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