Bounce after the crash
Sandisk rallies 6% off a double bottom near 1400: the second week points to exiting the short
Bounce after the crash
Our view last week
A week ago Sandisk's long trade, in its 45th week and up more than 3,500%, was already flashing quiet fatigue. This week the reversal landed: Sandisk shares plunge 29.3%, with a double bottom in the 1480 area sparking a 32% bounce. In our weekly technical analysis a fresh Sell signal has triggered, 18th among the 140 US sell signals: the decline is starting out making lower lows, on a highly volatile stock.
This week's summary
Sandisk bounces off a double bottom in the 1400 area, closing the week up 6% — a 22% rebound off the lows that pushes back against the sell signal that triggered a week ago after a sharp crash. Daily volume still favors sellers though, and cash flow stays negative: the weekly picture remains bearish, with 4 warning signs out of 11 in the price reading.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Aug 13
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IQS Phase
49
ordinary
Signal Strength
43
isolated weekly drop
Sizing
REDUCED
Ranking
#58 / 141
US stocks sell signals
Trade P&L %
-6.03%
from signal to today
Rank position
ranks 58th among the 141 sell signals for US stocks in our ranking, with a signal strength of 43 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
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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