Super Micro Computer breaks key support
Super Micro Computer plunges 14.6% and breaks down June's double bottom
Super Micro Computer breaks key support
Our view last week
Super Micro Computer stock bounces 4% this week, with buyers back in control of 78% of the volume — but the MACD has just crossed bearish and momentum has slipped below zero. The 7-day high, in the 29.2 area, already rejected the rally attempt: as long as that level holds, the decline stays in control.
This week's summary
Super Micro Computer stock plunges 14.6% this week in our weekly technical analysis, breaking down through June's double bottom in the 25 area — the same level that rejected last week's bounce. The MACD, which turned bearish seven days ago, now confirms the move: 84% of trading volume is on the sell side, and money flow keeps sinking deeper. The short is up more than 20%, but the last bar shows the first signs of seller fatigue.
IQS Phase
81
in tension / maturity
Signal Strength
47
decline starting to make lower lows
Sizing
REDUCED
Ranking
#67 / 140
US stocks
Trade P&L %
+20.62%
from signal to today
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