Sell signal, week 2 · European auto ETF
EXHG drops 3.5%: the European auto ETF slides to the edge of its 90-week low
Our view last week
EXHG, the European automotive sector ETF, lost 2.5% and sellers have held control for 3 weeks: buying stayed below 25% of volume in the weekly bar, with a strong distribution phase. A week ago the old buy signal was barely holding; now a fresh Sell signal fires, with signal strength at 96 out of 100. The price action is clear-cut, and EXHG technical analysis still calls for caution: opening a short here is high-risk, and the confirmation week is still open.
This week's summary
EXHG, the European automotive sector ETF, lost 3.5% in its 4th straight weekly decline and now sits less than 1% above its 90-week low. A week ago the Sell signal fired; now the weekly MACD has slipped below its Signal line after 11 weeks above it, and signal strength climbs to 100 out of 100. EXHG technical analysis still calls for caution: the daily RSI is oversold and the price action leaves little room before support, so as a trade setup a fresh short remains high-risk.
IQS Phase
75
in tension
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 89
EU-UK stocks sell signals
Trade P&L %
+3.48%
from signal to date, no stop loss
Automobiles Europe (EXHG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 1st among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFEXHG
Sector regimeweak phase
Performanceweekly -3.48% · monthly -7.23%
EXHG belongs to the etf settoriale sector (reference ETF EXHG). The sector is classified weak phase according to our weekly reading.
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