Sell signal in observation · week 4
Intuit jumps 7.7% and the decline fades just below the 50-day average
Our view last week
Intuit printed a fresh 30-day low this week, in the 262 area, and failed to confirm it on the close: the week ends up 1.9%, breaking a run of 5 straight declines. After last week's 9% drop the push behind the decline has cooled, and the daily price action still shows 3 lower highs. Among US tech stocks, Intuit stock keeps its sell signal in observation in this technical analysis, and our model still rates a fresh short as high-risk: a trade setup to follow week by week.
This week's summary
Intuit extends its recovery: up 7.7% on the week, after a bounce off the 20-day average that stalled below the 50-day average, in the 309 area. A week ago the decline had merely cooled; now signal strength collapses to 2 out of 100, a decline fading out. Among US tech stocks, this technical analysis keeps the sell signal on Intuit stock in observation, with the Inversion Point in the 319 area: a trade setup our model still rates high-risk for a fresh short.
IQS Phase
57
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#148 / 174
US stocks sell signals
Trade P&L %
+0.15%
from signal to date, no stop loss
Intuit (INTU) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 148th among the 174 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 strong phase
Performanceweekly -0.52% · monthly +5.81%
INTU belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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