ITRI Should I Buy

ITRI is not a good buy right now for an impatient buyer. The tape is only mildly bullish (positive MACD, RSI ~62) and price is sitting just above pivot support (~99.6) but below nearby resistance (~102.4). Options positioning is notably defensive (put/call ratios at 2.33), and the most recent quarter showed YoY declines in revenue, EPS, and net income, which increases downside risk into the upcoming earnings (2026-02-17). I would avoid initiating a new long here unless it cleanly reclaims ~102–104 with strength; otherwise odds favor choppy-to-down performance near-term.

Price/Trend: Closed at 100.16 (+0.99% regular session) in a market slightly down (S&P -0.2%). Trend indicators suggest a modest rebound attempt but not a clear breakout. Momentum: MACD histogram is positive (0.263) and expanding, which is a bullish momentum cue. RSI(6) at ~61.7 is neutral-to-slightly-warm (not oversold), implying limited “cheap dip” edge right now. Moving Averages: Converging MAs indicate consolidation/indecision rather than a strong trending move. Levels: Pivot 99.625 is immediate line-in-the-sand. Support levels: S1 96.888, S2 95.197. Resistance levels: R1 102.362 then R2 104.053. A failed hold above ~99.6 increases the probability of a quick move toward 97–95. Quant pattern read-through: Similar candlestick-pattern analogs imply ~0.37% next-day drift, but -1.07% next week and -2.53% next month bias—i.e., near-term downside skew. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.