STMicroelectronics: buyers step back in
STMicroelectronics dips 1.2%, but buyers step back into control
STMicroelectronics: buyers step back in
Our view last week
The model's coverage on STMicroelectronics is complete: all 3 targets have been hit and the stop now trails the Inversion Point, in the 59 area, at +180% from entry. Technically the week just closed with a mild rebound after a sharp drop, but the MACD histogram, buying flow and momentum have all been fading steadily for a month: a rally that holds, without the acceleration of recent weeks.
This week's summary
STMicroelectronics weekly technical analysis: buyers are back, with 68% of the week's volume on the buy side, even as the price eased 1.2% and stayed boxed between the 62 and 60 areas. The weekly structure is very strong (ADX above 50), but the MACD and money flow keep fading, a trend running for a month now. The stock, under management since week 31 with a gain above 176%, now looks ahead to earnings on July 23.
IQS Phase
56
ordinary
Signal Strength
79
high · wide & volatile
Sizing
FULL
Ranking
#7 / 60
EU-UK stocks in progress
Trade P&L %
+176.75%
from signal to today
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