The Thursday decline follows a turbulent week for the fabless chip company. On Tuesday, the stock surged, rebounding from a pullback in the prior session. The Tuesday gains materialized after TD Cowen maintained a Hold rating on the stock but raised its price forecast to $425.Global Factors and Macro HeadwindsThe volatility builds upon pressures observed earlier in the week. On Monday, global semiconductor companies faced downward pressure initiated by declines in South Korea. Drops in Samsung Electronics and SK Hynix dragged down the KOSPI index and U.S. peers. Market weakness also stemmed from rising energy costs following military exchanges between the U.S. and Iran, alongside comments from President Donald Trump.Monday’s decline was accelerated by index rebalancing adjustments following the company’s June 22 inclusion in the Nasdaq-100. SEC filings detailed that Board Chairman Manuel Alba and Director Stefan Dyckerhoff executed multi-million dollar automated divestments under Rule 10b5-1 trading plans, contributing to the selling pressure.Upcoming Financial Results in FocusTraders are turning their attention toward the company’s second-quarter earnings, scheduled for August 4. Analysts estimate earnings per stock of 64 cents and quarterly revenue of $360.21 million.Astera Labs (ALAB) Critical Levels To WatchRSI is the cleaner momentum read right now, sitting at 45.21.