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iShares Auto EU: three sideways weeks, no confirmation

The sell signal on the European automotive sector ETF is at its 3rd week without confirmation. Signal strength at 8 out of 100 and fading, trading not recommended by our model. A case to watch, not to trade.

In Summary
The sell signal on the European automotive sector ETF is at its 3rd observation week with no market confirmation. Signal strength stands at 8 out of 100, fading, and our model flags trading as not recommended. A case to monitor, not to trade.
Sell signal in observation ·2nd week from start ·EU-UK stocks ·T2
IQS Phase
58
ordinary
Signal Strength
8
low · fading
Sizing
MINIMUM
Ranking
#34 / 57
EU-UK stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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