Intuit: confirmation holds, +2.9%
Intuit stock: +2.9% in the buy signal confirmation week
Intuit: confirmation holds, +2.9%
Our view last week
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.
This week's summary
The buy signal that fired on Intuit last week is holding: the first confirmation week closes higher, with another 2.9% gain pushing the stock toward its 7-day high, in the 336 area. The growth tech sector is pushing hard, with the reference ETF up 7.2% this week, but underneath the surface the signals are cooling: volumes contracting and buyer dominance fading. Intuit stock stays one to watch with discipline, still backed by high signal strength.
IQS Phase
38
ordinary
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#43 / 132
US stocks in progress
Trade P&L %
+2.90%
from signal to date, no stop loss
Rank position
ranks 43rd among the 132 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
INTU 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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