InterDigital Inc

IDCC remains in a Stage 4 decline with persistent lower highs and lower lows, trading below declining EMAs that act as dynamic resistance. The medium-term bias is bearish with supply dominating demand and no exhaustion signals evident. Short-term weakness is intensifying, with price rejected at the 9/21 EMA zone, supporting immediate selling on any strength back to resistance.

• ↑Q3 revenue rose 28% YoY to $165M; ARR grew 49% to $588M.
• ↑License agreements cover 80% of global smartphones, fueling ARR growth.
• ↓Ongoing litigation with Disney and Amazon may inflate legal expenses.