STMicroelectronics: the rally is cooling off
STMicroelectronics rises 4.6%, but the pace slows as RSI and money flow cool
STMicroelectronics: the rally is cooling off
Our view last week
STMicroelectronics is in week 30 of a buy signal opened well in advance, and the trade is running at +162.88% since entry. All 3 targets of our most advanced model have already been hit: management now works on the residual capital, with the stop trailing the Inversion Point. The weekly structure stays bullish, but some short-term fatigue signals call for closer monitoring.
This week's summary
STMicroelectronics stock rises 4.6% this week, but the pace is cooling: RSI has pulled back from its high three weeks ago and money flow has roughly halved, even as the ADX stays very high and steady. It is the fatigue flagged last week showing through, without denting the underlying trend. Weekly technical analysis on a mature trade, with price boxed between two closely spaced levels.
IQS Phase
65
ordinary
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#22 / 129
US stocks in progress
Trade P&L %
+174.85%
from signal to today
restricted Platinum content