28% surge followed by a red confirmation week
Super Micro Computer stock falls 6.5% as the new Buy signal's confirmation disappoints
Our view last week
Super Micro Computer stock surges 28% in a single week, wiping out nine weeks under a Sell signal: a new Buy signal fires, the 4th strongest among 27 fresh US Longs. On the daily chart price has strung together three higher lows, from the 26 to the 31 area, while the weekly RSI stays far from extremes. Super Micro Computer stock is still a high-risk bet: our model flags trading as not recommended.
This week's summary
On the daily chart, Super Micro Computer stock keeps stringing together higher lows, from the 26 to the 36 area: the underlying structure holds. But the first confirmation week of the new buy signal closes down 6.5%, after last week's 28% surge, and buyers lose ground in the latest bar. Our technical analysis is now watching the picture closely: the weekly trend stays intermediate bullish, but with warning signs to monitor.
IQS Phase
69
in tension
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#19 / 167
US stocks in progress
Trade P&L %
-6.53%
from signal to date, no stop loss
Rank position
ranks 19th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
SMCI belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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