European Utilities ETF: week-1 confirmation turns bearish
European Utilities ETF slips 1.9% as the first-week confirmation calls for an exit
European Utilities ETF: week-1 confirmation turns bearish
Our view last week
Fresh buy signal on the iShares STOXX Europe 600 Utilities ETF: week 1, price hugging the all-time high. Signal strength is modest, 36 out of 100, and the setup quality indicator at 70 out of 100 points to a tension phase: constructive, not explosive. Weak conviction, steady profile: discipline calls for a cautious entry with reduced size.
This week's summary
Weekly technical analysis. On the daily chart the European Utilities basket lines up 4 straight higher lows, but in the last session sellers took control and the week closes down 1.9%. Compared with last week's clear tension, the technical picture has normalized, but the first-week confirmation closed bearish and signal strength stays low and fading: discipline calls for caution.
IQS Phase
51
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#58 / 60
EU-UK stocks in progress
Trade P&L %
-1.89%
from signal to today
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