Sandisk: 6th week of the sell signal, trend cooling
Sandisk stock drops 2.7% as the trend fades: ADX declining for 8 weeks
Our view last week
Sandisk stock jumps 35.4% in a single week, the sharpest move of the period under review, with buyers behind 94% of the volume. The Sell signal, under management since its fifth week, still gets rejected for the third time at the 7-day high near the 1667 area: the downside pressure isn't over yet, even as the trend loses conviction.
This week's summary
After last week's 35.4% surge, Sandisk stock gives back some ground: down 2.7% in a week where sellers took 81% of the volume. The closing candle shows extreme seller dominance, yet the ADX keeps fading for an 8th straight week — the trend is losing conviction. On the daily chart, a sequence of higher lows from the 998 area to the 1540 area still holds. Sandisk's technical analysis shows a sell signal now in its 6th week, running out of steam.
IQS Phase
52
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#92 / 93
US stocks
Trade P&L %
-17.81%
from signal to date, no stop loss
Rank position
ranks 92nd among the 93 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
SNDK belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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