European oil & gas ETF, second week of the buy signal
EXH1 slips 2.2%: buying power fades just below its recent highs
European oil & gas ETF, second week of the buy signal
Our view last week
EXH1, the European oil and gas ETF, closed its first week after the signal fired almost flat, up just 0.1%, with volume contracting. This week's technical analysis reads the momentum losing steam: signal strength drops to 44 out of 100, and our model rates the setup as technically weak despite the green close. The price still sits within reach of its recent highs, in the 54 area, leaving little room to run before the next resistance.
This week's summary
EXH1, the European oil and gas ETF, gave back 2.2% this week after last week's near-flat close: buyers, who had dominated volume, are now clearly retreating, and the latest bar shows sellers firmly in control. The price still sits within reach of its recent highs, in the 54 area, and signal strength slips to 49 out of 100 - a bullish picture, but with more than one warning sign.
IQS Phase
55
ordinary
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#47 / 73
EU-UK stocks in progress
Trade P&L %
-2.04%
from signal to date, no stop loss
Rank position
ranks 47th among the 73 Longs already running for European-UK stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXH1 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content