EXH4, the European industrial goods ETF
EXH4 closes up 2.1%: bounces off the 20-day average as volume stays soft
EXH4, the European industrial goods ETF
Our view last week
In our EXH4 technical analysis, this ETF on European industrial goods stocks closed the week up 1.6%, confirming the double bottom carved out in the 114 area, from which price had already rebounded roughly 7%. The weekly structure stays bullish, but the first signs of fatigue are showing: volume has contracted and candle-body conviction is gradually fading. The trade is 4% in the money from entry, at week 15 of management.
This week's summary
EXH4, the European industrial goods ETF, closed the week up 2.1% and bounced off the daily 20-day average, in the 117 area: buyers are back in charge, with nearly 60% of volume on the buy side. Last week the first signs of fatigue had already shown up — contracting volume, fading candle-body conviction — and they repeat this week too, even as the price holds. The buy signal, in EXH4's technical analysis, is now in its 16th week, 6.2% in the money from entry.
IQS Phase
72
in tension
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#23 / 61
EU-UK stocks in progress
Trade P&L %
+6.20%
from signal to date, no stop loss
Rank position
ranks 23rd among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXH4 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content