Sell signal under watch, third week
STMicroelectronics stock rebounds 1.6% as lower highs persist
Sell signal under watch, third week
Our view last week
STMicroelectronics accelerates lower: the week just closed drops 17%, extending last week's slide. The sequence of lower highs stretches to five bars, from the 75 area down to the 67 area, while sellers dominate the tape and the stock slips into a distribution phase. Price is now boxed into a tight corridor between the 52.4 area and the 51.1 area, right after the just-reported earnings.
This week's summary
After last week's 17% plunge, STMicroelectronics stock catches its breath: this week the price rebounds just 1.6%, yet the sequence of lower highs continues, from the 73 area down to the 67 area, and the distribution phase stays underway, with sellers still in control of the tape. This week's technical analysis reads a decline that has slowed but is still open: the short sits above 15% in profit, though opening a fresh position here is high-risk per our model.
IQS Phase
78
in tension
Signal Strength
49
isolated weekly drop
Sizing
REDUCED
Ranking
#14 / 138
US stocks sell signals
Trade P&L %
+15.58%
from signal to date, no stop loss
Rank position
ranks 14th among the 138 sell signals for US stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
STM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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