EXHG: sell signal stalls in its fourth week
EXHG climbs 1.1% but distribution keeps the sell signal stalled
EXHG: sell signal stalls in its fourth week
Our view last week
The European Auto & Parts sector shed 2.1% this week: the 7% bounce off a double bottom in the 4.5 area has already faded, with sellers back in charge on the last bar. The decline is making lower lows again — signal strength climbs to 44 out of 100, up from 21 out of 100 last week — while this week's technical analysis keeps the setup in a trading-not-recommended range.
This week's summary
EXHG, the European Auto & Parts sector ETF, closed the week up 1.1%, but under the surface buyers are missing: almost all of last session's volume went to sellers and money flow stays negative. The sell signal, now in its fourth week, still hasn't been confirmed — signal strength drops to 29 out of 100, a decline that has lost its push. This week's technical analysis keeps EXHG in a trading-not-recommended range.
IQS Phase
76
in tension
Signal Strength
29
decline losing steam
Sizing
MINIMUM
Ranking
#19 / 53
EU-UK stocks sell signals
Trade P&L %
-2.51%
from signal to today
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