Science Applications International Corp. Forms Death Cross, Signals Bearish Trend Ahead

Science Applications International Corp. (SAIC), a small-cap player in the Computers - Software & Consulting industry, has recently experienced a significant technical event known as a Death Cross. This occurs when a stock's short-term moving average crosses below its long-term moving average, often signaling a potential shift in market sentiment and a bearish trend.
Currently, SAIC's technical indicators reflect a bearish outlook across multiple metrics. The Moving Average Convergence Divergence (MACD) is bearish on both weekly and monthly charts, while the Bollinger Bands also indicate a bearish trend. Additionally, the KST and Dow Theory metrics are showing mild bearish signals, further supporting the notion of a downward trajectory.

In terms of performance, SAIC has struggled over the past year, with a decline of 28.51%, significantly underperforming the S&P 500, which has gained 15.64% during the same period. The stock's year-to-date performance is also negative at -12.62%. Investors may want to closely monitor these trends, as the Death Cross could suggest further challenges ahead for Science Applications International Corp.