Intuit Inc. (INTU) currently ranks at position #41 within the SIA S&P 100 Index, placing it in the neutral zone of the rankings. The stock has shown strong upward momentum, climbing 4 spots in the past day, 4 over the past week, 16 over the past month, and an impressive 39 positions over the last quarter. Its SMAX score of 7 indicates a solid near-term strength relative to a broad basket of alternative asset classes. The stock's recent performance reinforces this strength, with returns of +14.14% over the past month, +17.99% over the past three months, and +6.52% year-to-date. The strong performance has been bolstered by a strong earnings report earlier in the week, which exceeded market expectations and provided optimistic forward guidance.
From a technical perspective, Intuit’s chart is showing signs of a potential "cup and handle" formation on the 5-year timeframe. This classic bullish continuation pattern begins with a rounded "cup," reflecting a gradual selloff followed by a steady recovery back to previous highs. The "handle" portion often features a slight downward drift or consolidation, which serves to shake out weak hands before a potential breakout to new highs. If the formation completes and breaks out above resistance with volume, it could signal further upside for INTU. With strong fundamentals, technical momentum, and a favorable sector backdrop in Computer Software, Intuit may be well-positioned for continued strength.
The point-and-figure chart for Intuit Inc. (INTU) highlights key resistance levels at $683.89 and $711.52, with support identified at $550.03 and more substantial backing near $469.44. With the stock currently trading around $666, it is approaching a zone of technical resistance, suggesting a potentially limited near-term risk-reward profile unless a decisive breakout occurs. Advisors might prove to be cautious with new positions at current levels without confirmation of upward breakout and as such may consider setting technical alerts around the $725 level to signal a breakout above resistance and validate a stronger bullish trend. Until such confirmation, maintaining a watchful stance or waiting for a potential pullback to support levels may offer a more favorable entry point.
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