Open buy · week 2
EXV6 rebounds 5.5% and nears the highs, but the confirmation week calls for caution
Our view last week
EXV6, the iShares European basic resources ETF, closes the first week of a fresh buy signal down 2.3%, with sellers extremely dominant in the last bar and volumes contracting. The signal fired last week after a fading sell signal; this first confirmation week instead says to exit. The weekly technical analysis still reads bullish on the underlying structure, with price above the 50-week average and all moving averages aligned.
This week's summary
EXV6, the iShares European basic resources ETF, rebounds 5.5% this week after a sharp bounce off its daily 20-day moving average, in the 83 area, recovering 6% from the session low. The price is back near recent highs, in the 87.5 area, with little room to run before resistance. The weekly structure stays bullish, but two warning signals — fading buyer dominance and an ongoing distribution phase — call for caution.
IQS Phase
54
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#56 / 70
EU-UK stocks in progress
Trade P&L %
+3.02%
from signal to date, no stop loss
Rank position
ranks 56th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 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