Sandisk, Sell signal in its third week
Sandisk stock drops 15.4% as the Sell signal regains momentum
Sandisk, Sell signal in its third week
Our view last week
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.
This week's summary
Sandisk drops 15.4% in a week and wipes out the bounce from seven days ago: the daily chart is stretching into a run of 3 lower highs, from the 1950 area down to 1700. The Sell signal, now in its third week, ranks 12th among the 138 US stock sell signals. Sandisk stock stays highly volatile, and earnings land this very week, on August 5 — one more risk factor for anyone tracking the technical analysis of the stock.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
81
in tension / maturity
Signal Strength
53
decline starting to make lower lows
Sizing
STANDARD
Ranking
#12 / 138
US stocks sell signals
Trade P&L %
+10.33%
from signal to date, no stop loss
Rank position
ranks 12th among the 138 sell signals for US stocks in our ranking, with a signal strength of 53 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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