Intuit: fresh buy signal after the bounce
Intuit stock jumps 6.7% as a fresh buy signal fires off the 50-day average
Intuit: fresh buy signal after the bounce
Our view last week
Money flow on Intuit stock turns positive after weeks in the red, with buyers dominating 98% of this week's volume as the stock climbs 1.8%, working its way back toward the 300 area. Price still sits inside the double bottom formed in the 256 area, with a 10% rebound already banked. The sell signal is now in its 16th week, the short still more than 15% in profit, but a falling ADX points to selling pressure that is losing conviction.
This week's summary
Intuit bounces off its own 50-day moving average and closes the week up 6.7%: the touch lands in the 304 area, with a 4% snapback, just as the old sell signal fades out and a new buy signal takes its place. Intuit stock is back in the spotlight of our weekly technical analysis, with signal strength showing high conviction - 75 out of 100 - though a profile of elevated volatility calls for discipline.
IQS Phase
43
ordinary
Signal Strength
75
high · wide & volatile
Sizing
FULL
Ranking
#7 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 7th among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 75 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
INTU belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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