European Industrial Goods ETF - week 13 in management
iShares STOXX Europe 600 Industrial Goods slips 3.7%, gain narrows to 4.5%
European Industrial Goods ETF - week 13 in management
Our view last week
The iShares STOXX Europe 600 Industrial Goods ETF, listed on Deutsche Börse (Xetra), is in week 12 of a buy trade, and the model's coverage is complete: all 3 statistical references have been hit. The gain since opening stands at 8.48%, and the stop now follows the Inversion Point. This week the price bounced firmly off the 20-day moving average.
This week's summary
Weekly technical analysis. After last week's rebound off the 20-day average, the European industrial goods basket gave back ground this week, down 3.7%, with sellers dominating the tape (76% of volume) and the last candle showing extreme seller dominance. Money flow stays positive but is thinning out, and price is boxed between the 117.2 and 117.5 areas. The trade's gain slips from 8.48% to 4.51%.
IQS Phase
63
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#19 / 60
EU-UK stocks in progress
Trade P&L %
+4.51%
from signal to today
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