European Utilities · sell signal in observation
iShares Utilities EU: three sideways weeks, market has yet to show its hand
European Utilities · sell signal in observation
In Summary
iShares STOXX Europe 600 Utilities is at week 3 of a sell signal: the last 3 observation weeks closed sideways, with the market never confirming the decline. The weekly setup remains bearish, the quality-of-setup indicator at 73 out of 100 is in tension, but the quality band flags trading as not recommended — the ETF trades 29% above the 200-week moving average. Caution and a wait-and-see stance are warranted before considering new operations.
IQS Phase
73
in tension
Signal Strength
21
indecisive week
Sizing
MINIMUM
Ranking
#10 / 54
EU-UK stocks sell signals
Trade P&L %
-3.21%
from signal to today
restricted Platinum content