STMicroelectronics: the decline slows, week 7
STMicroelectronics tries to stabilize, but money flow worsens in the decline's 7th week
Our view last week
STMicroelectronics stock sinks 7.7% in a brutal week, with sellers controlling 92% of daily volume as price nears both its 7-day low and its 200-day moving average. Our weekly technical analysis confirms the sell signal, now in its sixth week and already up nearly 20%: the decline keeps making lower lows, with no sign of exhaustion.
This week's summary
A bearish engulfing bar closes the week on STMicroelectronics stock, even as buyers just regained a slight edge in volume (53%) after two brutal weeks of selling. Our weekly technical analysis tracks the Sell signal in its 7th week, already up more than 19%: the decline holds its direction, but money flow keeps worsening and the ADX has been declining for a month.
IQS Phase
66
in tension
Signal Strength
32
decline losing steam
Sizing
REDUCED
Ranking
#15 / 51
EU-UK stocks
Trade P&L %
+19.43%
from signal to date, no stop loss
Rank position
ranks 15th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly +0.72% · monthly +7.99%
STMMI belongs to the italian sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
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