Open buy signal
Northrop Grumman stock drops 5.9% as the MACD histogram breaks a 7-week climb
Our view last week
Northrop Grumman closes its confirmation week up 2.5%, with buyers controlling 95.9% of daily volume and the MACD just crossing bullish. Northrop Grumman stock is still below its 7-session high, in the 586 area: the breakout hasn't happened yet. A sequence of higher lows on the daily chart, from the 479 area toward the 570 area, keeps the uptrend structure intact. Weekly technical analysis: the buy signal that fired a week ago holds.
This week's summary
Northrop Grumman stock drops 5.9%, snapping a 7-week run in which the MACD histogram had climbed without a pause: this week it turned lower, and sellers took back control of the trading after 2 weeks of buyer dominance. Last week's confirmation had closed up 2.5%; the weekly technical picture still leans bullish but now carries three active warnings, while the stock keeps working below its 50-week moving average. The breakout that would open the way higher hasn't fired yet.
IQS Phase
40
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#38 / 167
US stocks in progress
Trade P&L %
-3.60%
from signal to date, no stop loss
Rank position
ranks 38th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
NOC belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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