European basic resources ETF · Sell signal, week 2
EXV6 gains 1.8% after 5 losing weeks: the Sell signal still lacks momentum
Our view last week
4 lower highs in September, from the 91 area to the 84 area, and a 5th straight losing week: a new Sell signal has fired on EXV6, the European basic resources ETF. Last week the close had already crossed the Inversion Point, and now the change of sign is declared. In EXV6 technical analysis the trade setup starts out weak, though: Signal Strength is 2 out of 100, a decline losing steam, with price still above its 50-week average.
This week's summary
A 2% bounce off the 20-day average has ended a run of 5 losing weeks: EXV6, the European basic resources ETF, gains 1.8%. The Sell signal fired last week, weak from the start, and Signal Strength stays at 2 out of 100: a decline losing steam. In EXV6 technical analysis the price action shows contracting volumes with price still above its 50-week average: the trade setup stays under observation, a swing trading case to follow.
IQS Phase
50
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#81 / 93
EU-UK stocks sell signals
Trade P&L %
-1.80%
from signal to date, no stop loss
Basic Resources Europe (EXV6) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 81st among the 93 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXV6 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content