Fresh sell signal: STM drops 13.2%
STMicroelectronics plunges 13.2% as a fresh Sell signal opens making lower lows
Fresh sell signal: STM drops 13.2%
Our view last week
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.
This week's summary
A new Sell signal opens on STMicroelectronics after a 13.2% weekly drop, though a clean double bottom formed in the 66 area along the way, with an 11% intermediate rebound. Signal strength reads 100 out of 100 - a decline that has just started, already making lower lows. The tech sector (XLK) is under similar pressure, down more than 5% this week. With earnings due this very week, the quality band flags trading as not recommended.
IQS Phase
39
ordinary
Signal Strength
100
decline starting to make lower lows
Sizing
STANDARD
Ranking
#14 / 140
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content