6th up week, trend loses steam
Intuit climbs 6.2%, extends to 6 straight up weeks, but the trend cools
Our view last week
Intuit stock keeps pushing higher: the week closes up 6.3%, the second straight gain since the buy signal fired. Underneath, though, the picture cools just like last week: mixed rejection bars, fading body conviction and buyer dominance losing steam. Signal strength stays high, at 70 out of 100, but the weekly RSI is still neutral and the trend, for now, is advancing without the full backing of the numbers.
This week's summary
Intuit stock closes the week up 6.2%, stretching its run to 6 straight positive weeks, with a sequence of 6 rising daily lows from the 304 area to the 332 area. Underneath, the picture cools: the weekly ADX has been falling for 7 weeks, the tech sector is in a weak phase, and the stock stays below its 50-week moving average. Quarterly earnings land this very week — a passage worth watching closely.
IQS Phase
51
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#69 / 167
US stocks in progress
Trade P&L %
+16.11%
from signal to date, no stop loss
Rank position
ranks 69th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
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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