3.4% bounce: the sell signal loses steam
Iridium bounces 3.4% as the Sell signal loses further strength
3.4% bounce: the sell signal loses steam
Our view last week
Sellers ruled Iridium's last bar outright, pushing the stock into a full distribution phase, yet the week's decline was just 1.9% and the fresh sell signal's strength drops to 8 out of 100. Iridium stock stays boxed in a tight range, 40% above its 200-week average, with earnings due this very week raising the stakes for this technical analysis.
This week's summary
Iridium's 7% bounce off its daily 20-day moving average lifted the stock 3.4% this week, back near the 47 area. Yet the technical picture still points the other way: the Sell signal's strength drops to 5 out of 100, a decline losing steam, with volumes contracting and sellers growing less dominant. The stock, still 44.7% above its 200-week average, stays boxed in a tight range, and the confirmation week remains open.
IQS Phase
58
ordinary
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#89 / 138
US stocks sell signals
Trade P&L %
-3.41%
from signal to date, no stop loss
Rank position
ranks 89th among the 138 sell signals for US stocks in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein positive regime
Performanceweekly +1.83% · monthly -1.37%
IRDM belongs to the communication services sector (reference ETF XLC). The sector is classified in positive regime according to our weekly reading.
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