US communication ETF · Open long, week 12
XLC adds 0.1% but closes at the week's low, capped by its 50-week average
Our view last week
XLC, the US communication services ETF, drops 2.3% and slips back below its 50-week average, which it had closed above only last week. In this XLC technical analysis the weight falls on money flow, negative for 3 weeks, and on a new 30-day low set during the week with no confirming close.
This week's summary
XLC, the US communication services ETF, ends the week up 0.1% but near the low of its range: the 50-week average, in the 111.4 area, turned the price back once more. A week ago the ETF had slipped below that average; now this XLC technical analysis shows money flow negative for 4 weeks and weakening. Price action stays soft and the buy signal carries on without push: for swing trading, the trade setup hinges on the 109.7 area holding.
IQS Phase
41
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#79 / 92
US stocks in progress
Trade P&L %
-0.24%
from signal to date, no stop loss
Communication Services US (XLC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 79th among the 92 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLC
Sector regimein positive regime
Performanceweekly +0.05% · monthly -0.41%
XLC belongs to the etf settoriale sector (reference ETF XLC). The sector is classified in positive regime according to our weekly reading.
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