Sell signal, week 5
Iridium stock slips 2.4% as sellers retake control
Our view last week
Iridium's rebound loses steam: after last week's 5.5% surge, this week closes with a modest 0.5% gain, right against the first resistance in the 50.7 area. Four straight higher daily lows, from the 44 area to the 49 area, confirm buyers regaining ground: for our model the Sell signal is heading toward exhaustion, with strength at 2 out of 100. Iridium stock remains 51.8% above its 200-week average, boxed into a tight range — weekly technical analysis backs it up.
This week's summary
Iridium stock's rebound stalls: after 3 weeks of gains that pushed it up against resistance in the 51 area, this week it gives back 2.4%, with sellers back in control at 65% of weekly volume. Money flow stays negative for a 6th straight week and the ADX keeps sliding — the trend is losing conviction, as the weekly technical analysis confirms. On the daily chart, price bounces off the 20-day average, in the 49 area, though the bounce looks weak.
IQS Phase
50
ordinary
Signal Strength
22
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#52 / 93
US stocks
Trade P&L %
-6.99%
from signal to date, no stop loss
Rank position
ranks 52nd among the 93 sell signals for US stocks in our ranking, with a signal strength of 22 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein strong phase
Performanceweekly -1.37% · monthly +2.01%
IRDM belongs to the communication services sector (reference ETF XLC). The sector is classified in strong phase according to our weekly reading.
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