iShares Household Goods: week 7, +5.2% since entry
iShares Household Goods ETF climbs 1.8% and retests its weekly highs
iShares Household Goods: week 7, +5.2% since entry
Our view last week
The iShares STOXX Europe 600 Personal & Household Goods ETF gives back 0.9% this week, its first pullback after a solid run: price is boxed between the daily pivot point and its average, with sellers slightly prevalent on the last bar and a distribution phase underway. The trade is still up 3.35% since entry and has now reached its first active-management window; this week's technical analysis shows a signal still alive but with weak conviction.
This week's summary
After last week's pullback, the iShares European household and personal goods ETF climbs 1.8% and pushes back toward its recent highs, confirming the double bottom in the 93 area with an 8% rebound. The buy signal is in its 7th week, up 5.2% since entry, but the push is starting to lose shine: volumes are contracting and an early distribution phase is underway.
IQS Phase
65
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#54 / 61
EU-UK stocks in progress
Trade P&L %
+5.22%
from signal to today
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