Intuit: MACD turns bullish as the stock gains 5.9%
Intuit shares jump 5.9% as the weekly MACD turns bullish
Intuit: MACD turns bullish as the stock gains 5.9%
Our view last week
Intuit's decline is losing steam without turning yet: the weekly MACD histogram has narrowed for a third straight week, to -1.99, and money flow has nearly halved from three weeks ago. But the RSI has sat at 29 for a month, and price is boxed into a tight corridor between the 270 and 276 areas. The short is above 21% in the money; the underlying trend still reads structurally strong.
This week's summary
After weeks of a narrowing MACD histogram, Intuit's sell signal takes a sharper turn: the stock gains 5.9% and the weekly MACD flips into a bullish cross, with money flow improving further. The double bottom in the 256 area, with its 10% rebound, remains the technical anchor, while the short slips from 21% to 17% in the money. Buyer dominance, though, is already fading.
IQS Phase
65
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#127 / 140
US stocks
Trade P&L %
+17.05%
from signal to today
restricted Platinum content