BBJP: sell signal confirmation still open
BBJP edges up 0.9% but the sell signal still lacks fresh momentum
BBJP: sell signal confirmation still open
Our view last week
BBJP, the ETF tracking Japan's stock market, changes gear: after weeks higher (last week closed up 1.5%) comes a 4.2% drop and a fresh sell signal. Our BBJP technical analysis shows a picture that isn't one-sided yet: a double bottom near the 72 area with a 9% rebound, and money flow just barely positive. The quality band flags a fresh short here as not recommended.
This week's summary
BBJP, JPMorgan's ETF tracking Japan's stock market, closes the week with a modest 0.9% gain, while the sell signal enters its confirmation week. The price stays boxed between resistance in the 73.9 area and support in the 73.5 area, with the latest candles sending mixed signals - one indecisive, sellers only slightly ahead in the other. Signal strength drops to 24 out of 100: a decline with no fresh push. Our BBJP technical analysis flags a picture that's still unresolved.
IQS Phase
63
ordinary
Signal Strength
24
decline losing steam
Sizing
MINIMUM
Ranking
#99 / 141
US stocks sell signals
Trade P&L %
-0.90%
from signal to today
Rank position
ranks 99th among the 141 sell signals for US stocks in our ranking, with a signal strength of 24 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
BBJP belongs to the etf broad sector (reference ETF ).
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