Short in week 10, more than 19% in profit
STMicroelectronics drops 2.6% while 93% of the weekly tape goes to the buyers
Our view last week
After last week's 5.8% rebound, STMicroelectronics stock gives back 1.4%: volumes are contracting and money flow stays in distribution. ADX has been falling for 9 weeks straight, a sign the decline is losing conviction. The sell signal is in its 9th week, with the short up 17%.
This week's summary
A split week on STMicroelectronics stock: price gives up 2.6%, yet 93% of the volume went through on the buy side, the highest reading in 4 weeks. The weekly price action is still in distribution and ADX has been falling for 10 weeks: the decline holds its direction without conviction. Money flow, still negative, has been climbing for 3 weeks. The sell signal is in its 10th week, with the short more than 19% in profit.
IQS Phase
47
ordinary
Signal Strength
22
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#89 / 155
US stocks
Trade P&L %
+19.14%
from signal to date, no stop loss
Rank position
ranks 89th among the 155 sell signals for US stocks in our ranking, with a signal strength of 22 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +1.03% · monthly +3.25%
STM belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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