STMicroelectronics, a decline in good health
STMicroelectronics drops 13% as the Sell signal confirms its strength
STMicroelectronics, a decline in good health
Our view last week
STMicroelectronics stock sheds 13.3% this week, but the price had already carved a clean double bottom in the 57 area with an intermediate 15% rebound. It's a sharp reversal: last week the buy trade held on structure but was losing ground on MACD and money flow; now a fresh Sell signal has fired, with signal strength at its ceiling and earnings landing this very week, on July 23. Our model flags trading as not recommended.
This week's summary
STMicroelectronics stock drops another 13% in the second week of its Sell signal, and the confirmation closes deep in the red. Our technical analysis shows sellers dominated the last bar to an extreme, money flow stays in distribution, and signal strength hits its ceiling, 100 out of 100: a downtrend making lower lows with no sign of exhaustion. Our model flags trading as not recommended.
Sell signal in observation
·2nd week from start
·EU-UK stocks
·T2
·📅 Earnings · Jul 23
★ See Gold version →
IQS Phase
70
in tension
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#2 / 56
EU-UK stocks sell signals
Trade P&L %
+13.02%
from signal to today
Rank position
ranks 2nd among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly +0.54% · monthly -3.94%
STMMI belongs to the italian sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
restricted Platinum content