Europe Utilities ETF: red confirmation, timid bounce
EXH9 rises 0.5% this week, but the buy signal's confirmation closes in the red
Europe Utilities ETF: red confirmation, timid bounce
Our view last week
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.
This week's summary
After last week's 1.9% drop with the confirmation already in the red, EXH9 - the ETF tracking the European Utilities sector - tries to stabilize: up 0.5% this week, a weak double bottom near 56, and buyers back in charge of daily volume. Signal strength stays low, at 32 out of 100, and the confirmation verdict hasn't changed: our model has flagged an early exit warning on the position just opened.
IQS Phase
55
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#55 / 61
EU-UK stocks in progress
Trade P&L %
-1.37%
from signal to today
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