EXH9, the European utilities ETF: weak signal near the highs
EXH9 edges up 0.6% but the buy signal loses steam near its highs
EXH9, the European utilities ETF: weak signal near the highs
Our view last week
After last week's modest stabilization attempt, EXH9 - the European utilities ETF - drops 3.1%: sellers take back control in the final session, and buyer dominance in daily volume has already collapsed. The price is boxed between the first resistance, the daily Kumo ceiling in the 57.4 area, and the first support, the 20-week moving average in the 57.26 area. Signal strength falls to 29 out of 100: weak conviction for this open buy signal.
This week's summary
EXH9, the European utilities ETF, closes the week with a timid 0.6% gain, but the last candle is indecisive with a small body: the market hasn't picked a direction yet. The price is still hugging its all-time highs, an area already tested five times over the last ten weeks, and the buy signal's strength slips to 32 out of 100. In our weekly technical analysis, the signal stays open but with weak conviction.
IQS Phase
46
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#69 / 73
EU-UK stocks in progress
Trade P&L %
-3.40%
from signal to date, no stop loss
Rank position
ranks 69th among the 73 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
EXH9 belongs to the etf settoriale sector (reference ETF ).
restricted Platinum content