Open buy · week 7 · high still to be confirmed
Super Micro Computer adds 1%: fresh 30-day high, the weekly close does not confirm it
Our view last week
Super Micro Computer rebounds 10.7% and wipes out last week's slide: price has put the 41 area, last week's cap, behind it and now presses just under its 7-day high, in the 43.8 area. Buyers have led trading for 5 weeks and money flow stays positive, even as volumes contract. In the technical analysis of Super Micro Computer stock, among US tech stocks with weekly buy signals, the trade is back to +8.6% from entry; the break of the cap has yet to come.
This week's summary
Super Micro Computer took a shot at the breakout: price printed a fresh 30-day high, in the 44.6 area, then closed back below it, up 1% on the week. A week ago the break had yet to come; now it has been attempted and left unconfirmed. The weekly candle is indecisive and volumes are contracting, while money flow has stayed positive for 7 weeks. In the technical analysis of Super Micro Computer stock, one of the tech stocks with weekly buy signals, the trade sits at +9.7% from entry.
IQS Phase
78
in tension
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#45 / 93
US stocks in progress
Trade P&L %
+9.66%
from signal to date, no stop loss
Super Micro Computer (SMCI) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 45th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
SMCI belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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