Sell signal under management · week 15
Alphabet climbs 3.3% yet sellers retake control of the volume
Our view last week
Alphabet stock closes the week flat, but under the surface something shifts: buyers retake control of volume, at 71%, after last week's 2.3% decline. The candle stays indecisive, though, and volume is contracting, while money flow turns back down. Alphabet stock remains inside a Sell signal under management for fourteen weeks, at +5.89% since entry; the ADX has been declining for 15 weeks now, a sign the trend is losing conviction.
This week's summary
Alphabet bounces 3% off its 20-day moving average, in the 343 area, and closes the week up 3.3%. The tape doesn't follow: sellers are back in the majority at 53% and money flow has stayed below zero for 11 weeks, while the weekly price action remains indecisive, with a distribution phase underway. Technical analysis of Alphabet stock frames a short in its 15th week, still 2.82% in profit, with price penned between the 346 and 350 areas.
IQS Phase
66
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#134 / 155
US stocks
Trade P&L %
+2.82%
from signal to date, no stop loss
Rank position
ranks 134th among the 155 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +1.03% · monthly +3.25%
GOOGL belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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