Open buy · week 8 · US stocks
Nebius drops 9% after another unconfirmed high, with earnings 2 weeks away
Our view last week
Nebius closes the week up 2.3% and prints a new 7-session high, in the 250 area, without confirming it at the close: the break that technical analysis was asking for last week is still to come. Underneath, the daily chart stretches its run of higher lows to 4, from the 204 area to the 228 area, and weekly money flow is positive for a 2nd week. Among tech stocks with weekly buy signals, Nebius stock stays on hold, with earnings on October 22 drawing closer.
This week's summary
For the 2nd week running Nebius prints a new 7-session high, this time in the 255 area, and fails to confirm it at the close: the week ends down 9%, with money flow back in negative territory after 2 positive weeks. In our weekly technical analysis, price action reads a distribution phase, while the 20-week moving average, in the 213 area, held when tested. Nebius stock stays among tech stocks with weekly buy signals, with earnings on October 22 now 2 weeks away.
IQS Phase
39
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#67 / 92
US stocks in progress
Trade P&L %
-20.39%
from signal to date, no stop loss
Nebius (NBIS) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 67th among the 92 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 regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
NBIS 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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