European banks ETF · new sell signal, week 1
EXV1 drops 4.9% and loses its 20-week average as a new sell signal fires
Our view last week
After a week with 78% of trading on the sell side, EXV1, the iShares European banks ETF, gains 0.8% and volume swings back close to balance, 48% on the buy side. The CMF climbs to 0.24 and has been positive for 19 weeks, while the weekly MACD stays below its signal line with the histogram falling for 7 weeks. This EXV1 technical analysis shows a pause near the highs, in a trade setup up 17.4% since entry; the price action is worth watching.
This week's summary
Last week's pause near the highs has resolved to the downside: EXV1, the iShares European banks ETF, drops 4.9%, closes below its 20-week average and prints a new 30-day low. That fires a new Sell signal. This EXV1 technical analysis shows the weekly MACD below its Signal line for 3 weeks, with the histogram falling for 8. The longer-term price action still holds, with price above the 50-week average: for swing trading, a trade setup that still needs confirming.
IQS Phase
60
ordinary
Signal Strength
52
decline starting to make lower lows
Sizing
STANDARD
Ranking
#19 / 89
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Banks Europe (EXV1) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 19th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV1 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content