GlobalFoundries Inc

GFS remains in a Stage 4 decline with confirmed lower highs and lower lows under down-sloping EMAs and extreme oversold readings, making near-term selling unfavorable. While the long-term uptrend persists, the medium-term bias is bearish and execution should be deferred. We recommend trimming into strength on any relief rally into resistance around the declining 9/20 EMA zone or prior overlap support area.

• ↑Q1 revenue $1.634 B, +3.1% YoY, led by comms & auto.
• ↑Gross margin hit 29%, +500 bps YoY, reflecting operational efficiency.
• ↓Negative earnings yield and low profitability score signal profit risks.