Arm Holdings, the decline regains pace
Arm Holdings drops 17.4% as the sell signal regains its stride
Arm Holdings, the decline regains pace
Our view last week
After last week's 5.7% opening drop, Arm Holdings shares are bouncing 2.6% this week off a double bottom in the 294 area, but the weekly picture stays bearish, with contracting volume and a weak last bar weighing on conviction. Signal strength keeps sliding, now at 8 out of 100: the decline is losing more steam. Setup quality sits at 44, and the quality band flags trading as not recommended.
This week's summary
Arm Holdings shares closed the week down a brutal 17.4%, the sharpest drop since the sell signal fired: the stock has now carved its fourth straight lower high, sliding from the 380 area toward the 339 area. Signal strength climbs to 53 out of 100 and reads "downtrend making lower lows": the decline, which last week looked all but spent, is back in motion. With earnings due in two weeks and volatility already very high, our technical analysis calls for caution.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Jul 29
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IQS Phase
46
ordinary
Signal Strength
53
decline starting to make lower lows
Sizing
STANDARD
Ranking
#60 / 140
US stocks sell signals
Trade P&L %
+15.25%
from signal to today
restricted Platinum content