STMicroelectronics, the decline continues but loses steam
STMicroelectronics slips again as the sell signal reaches week 6
Our view last week
After last week's 7.1% rebound, STMicroelectronics stock is back on the back foot: this week the stock loses 3.2% with 84% of volume on the sell side, and the Sell signal, now under management for weeks, pushes the short above 12% in profit. The trend is losing conviction - ADX has fallen for the fourth straight week - while price stays boxed between a resistance and a support just a step apart.
This week's summary
STMicroelectronics, listed on the New York Stock Exchange, remains in a mature decline. The sell signal is in its 6th week and the short is already up more than 18%, but the weekly picture shows signs of fatigue: the trend has been losing conviction for six weeks, and the lower lows now come with a possible slowdown in momentum. Our model flags high risk for a new opening: we'd rather watch than chase.
IQS Phase
67
in tension
Signal Strength
48
decline starting to make lower lows
Sizing
REDUCED
Ranking
#25 / 93
US stocks
Trade P&L %
+18.53%
from signal to date, no stop loss
Rank position
ranks 25th among the 93 sell signals for US stocks in our ranking, with a signal strength of 48 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
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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