Sell signal, third week
BBJP gains 1.1% and returns near the highs, but the decline still lacks fresh momentum
Sell signal, third week
Our view last week
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.
This week's summary
BBJP rebounds 1.1% for the week and returns close to the 75 area, after a bounce off the daily EMA20 that produced a 4% recovery from the session lows. The latest weekly candles stay mixed, caught between contrasting rejections and a shrinking body that points to indecision. The sell signal is in its third week, and the decline's health reads as lacking fresh momentum: neither sellers nor buyers have truly taken control.
IQS Phase
58
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#107 / 138
US stocks sell signals
Trade P&L %
-2.04%
from signal to date, no stop loss
Rank position
ranks 107th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 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 ).
restricted Platinum content