European household goods ETF, week 8, +1.94%
European household goods ETF slips 3.1% but holds its double bottom near the 94 area
European household goods ETF, week 8, +1.94%
Our view last week
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.
This week's summary
After last week's double bottom in the 94 area, the European household and personal goods ETF gives back 3.1% and compresses again against its 50-day average, in the 96 area. It's the 8th week of the buy signal, up 1.94% since entry: signal strength drops to 32 out of 100 and volumes are thinning, a sign the rally has lost its shine. This week's technical analysis puts the ETF 54th among the 59 open European buy signals.
IQS Phase
47
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#54 / 59
EU-UK stocks in progress
Trade P&L %
+1.94%
from signal to today
Rank position
ranks 54th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
EXH7 belongs to the etf settoriale sector (reference ETF ).
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