Neutral/Negative Catalysts
- Technical damage ongoing: bearish MACD expansion and price trading below S1 indicates weak near-term control by buyers.
- Gross margin pressure: latest reported gross margin down YoY, which can weigh on quality-of-growth narrative.
- No supportive near-term news flow in the last week to change sentiment or reverse the tape.
- Near-term probabilities provided skew negative over the next month (pattern-based expectation).