European basic resources ETF · new Sell signal
EXV6 slips 0.4% as a Sell signal fires after 4 lower highs in September
Our view last week
A fourth straight losing week for EXV6, the European basic resources ETF: it slips 1.1%, and in the weekly bar buying drops below 25% of volume, with sellers extremely dominant. In EXV6 technical analysis the price action stays in sellers' hands and the MACD has sat below its signal line for 2 weeks. Price closed below the first stop level (SL1) flagged in last week's card (83.23 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 83.5 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
This week's summary
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.
IQS Phase
43
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#76 / 89
New eu-uk stocks
Trade P&L %
+0.00%
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 76th among the 89 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