Management · week 10 of the Sell signal
Intel gains 5.5% as buyers take 84% of the weekly volume
Our view last week
Intel stock climbs for a second straight week, up 7.5%, but the money behind the rally doesn't quite convince: sellers edge back into a slight majority on volume, after 99% buy-side volume seven days ago. The ADX keeps falling for an 11th straight week, a sign the trend keeps losing conviction, and momentum stops declining after three weeks of losses. The Sell signal is in its 9th week of management, with the trade down 8.3% since entry.
This week's summary
The daily price action starts from a clean bounce off the 20-day moving average, in the 99 area: Intel stock has rallied 9% from there and closes a third straight rising week, up 5.5%, with buyers taking 84% of volume. Money flow turns positive after 10 weeks below zero. Weekly technical analysis still hangs on an ADX that has fallen for 12 weeks, while the sell signal reaches week 10 and the short is 14.3% underwater.
IQS Phase
38
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#137 / 155
US stocks
Trade P&L %
-14.27%
from signal to date, no stop loss
Rank position
ranks 137th 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%
INTC 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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